Canada's estimated all-wheat production of 30.5 mmt would be one of the largest all-wheat crops produced in the country. Combined with U.S. data, the North American stocks/use ratio is similar to the weak global ratio.
The debate over the exact nature of meat demand has intensified in recent months thanks to the falling price of meat counter beef on one hand and the stubbornly firm price of menu entrees on the other.
DTN/The Progressive Farmer and the MyDTN suite of proprietary business management tools are transforming the agriculture industry with game-changing agricultural information solutions and market intelligence that enable farmers, agribusiness, and commodity traders to actively and effectively manage their businesses. For more information on all MyDTN services, visit www.DTN.com/ag.