The U.S. released it latest WASDE report yesterday but no one mentioned it. It appears to be bearish for corn and soy and mildly bullish for wheat. Production of corn is predicted to be the second highest ever. Soybean production very positive as well. Will this affect canola prices and demand? Will a lower corn price drag other grains down with it? Undoubtedly all the corn isn’t in the bin yet but a large corn crop n the U.S. could certainly have an affect on the market and is worth paying attention to imo.
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Originally posted by Hamloc View PostThe U.S. released it latest WASDE report yesterday but no one mentioned it. It appears to be bearish for corn and soy and mildly bullish for wheat. Production of corn is predicted to be the second highest ever. Soybean production very positive as well. Will this affect canola prices and demand? Will a lower corn price drag other grains down with it? Undoubtedly all the corn isn’t in the bin yet but a large corn crop n the U.S. could certainly have an affect on the market and is worth paying attention to imo.
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I can see this report keeping a lid on prices here .
If the corn is that big there sill be lots of corn going into southern Alberta? Thing is the northern corn belt was hit with drought as well so it will have to be pulled from the heart of corn country ? That’s a long way
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Corn yields must be huge in the main corn belt to make up for the drought effected area in South Dakota and Wisconsin and other “fringe†states
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