May as well continue the weekly question.
My thoughts reflect the Informa Ecomonics outlook from this past week.
Most optimistic outlook generally - Oilseeds - Need to keep prices up to attract US soybean acres from corn.
Most optimistic world/US but challenges Canada - Feed grains/malt barley - US needs another 13 bln bu corn crop so need to keep acres/yields up. Increased world/western Canada barley production? Canadian cattle/hog numbers and where fed? Need to get malt barley price signals out ahead of seeding (indications opening new crop bids malt barley would be $5/bu plus if the price signal could be provided today).
Pulses/alternative crops - reasonably optimistic (particularly crops such as mustard, large green lentils, canary seed where Canada represents a major portion of world trade). Competition from other western Canadian crops will prevent major shifts to these crops.
Most uncertain - Wheat ex durum - tight carryovers plus uncertainty old crop (read Argentina). Expectation that world will respond with increases new crop production. Demonstrated by futures market inverse. If mother nature cooperates, there is downside in the world wheat prices from current levels. Spring wheat (read CWRS) down this spring?
I know others attended this conference. Any other observations/ah has?
My thoughts reflect the Informa Ecomonics outlook from this past week.
Most optimistic outlook generally - Oilseeds - Need to keep prices up to attract US soybean acres from corn.
Most optimistic world/US but challenges Canada - Feed grains/malt barley - US needs another 13 bln bu corn crop so need to keep acres/yields up. Increased world/western Canada barley production? Canadian cattle/hog numbers and where fed? Need to get malt barley price signals out ahead of seeding (indications opening new crop bids malt barley would be $5/bu plus if the price signal could be provided today).
Pulses/alternative crops - reasonably optimistic (particularly crops such as mustard, large green lentils, canary seed where Canada represents a major portion of world trade). Competition from other western Canadian crops will prevent major shifts to these crops.
Most uncertain - Wheat ex durum - tight carryovers plus uncertainty old crop (read Argentina). Expectation that world will respond with increases new crop production. Demonstrated by futures market inverse. If mother nature cooperates, there is downside in the world wheat prices from current levels. Spring wheat (read CWRS) down this spring?
I know others attended this conference. Any other observations/ah has?
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