Ha HA HA high prices really. Yesterday on way to manitoba AG days got a text Soy for fall delivery into our local Terminal has a price or $11.50 for fall ever want to check the price of canola for the same time period, its just over 10.
Soy is going to be increasing in Canada and Lentils but Canola will be flat to min if anything.
Canadian canola plantings may rise slightly in spring as farmers seek to cash in before an expected drop in vegetable oil prices as palm crops recover from drought that hit major Southeast Asian producers, German oilseed analysis firm Oil World said Tuesday, according to a post from canadiancattlemen.ca.
Plantings will rise by less than 10% in Canada, which accounts for most globally exported canola and ****seed, said Thomas Mielke, executive director of Oil World.
“The world needs more Canadian canola so it would be wise to expand (plantings) moderately,†he said adding that the expansion would come at the expense of wheat.
I do think CPS Red and HRS will be down. If its a winter like so far with min snow i would say durum acres in traditional area will still go in. HRS could be Oats or Barley.
Soy is going to be increasing in Canada and Lentils but Canola will be flat to min if anything.
Canadian canola plantings may rise slightly in spring as farmers seek to cash in before an expected drop in vegetable oil prices as palm crops recover from drought that hit major Southeast Asian producers, German oilseed analysis firm Oil World said Tuesday, according to a post from canadiancattlemen.ca.
Plantings will rise by less than 10% in Canada, which accounts for most globally exported canola and ****seed, said Thomas Mielke, executive director of Oil World.
“The world needs more Canadian canola so it would be wise to expand (plantings) moderately,†he said adding that the expansion would come at the expense of wheat.
I do think CPS Red and HRS will be down. If its a winter like so far with min snow i would say durum acres in traditional area will still go in. HRS could be Oats or Barley.
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