Video: World Oilseed Situation and Outlook - Daniel Basse - CTV Farmgate

[AgrivilleAdmin]

[AgrivilleAdmin]

Daniel Basse, President, AgResource Company, Chicago IL, discusses the current situation and outlook for world oilseed supplies, movement and prices through the end of the 2015-16 crop year and the outlook for acreage, production and prices in the upcoming 2016-17 crop year.

[Hopalong]

Futures prices for both soybeans and canola are pretty flat for next couple of years.
Wheat and corn are higher going forward but is from low base at present.
Barring production problems, looking like a return to higher carryover for next few years.
U.S. farmers are concerned that new farm bill benefits will be considerably lower starting in 2019.
As much as some of us constantly complain about grain growing situation here in Canada, could be a lot worse.

[farmaholic]

"Barring production problems, looking like a return to higher carryover for next few years."

That's a pretty safe prediction with the disclaimer in it.

....."next few years"? Holy crap, tough enough to predict a year at a time let alone a few!