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Curious

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  • Hamloc
    Senior Member
    • Jan 2014
    • 3905

    Curious

    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.
  • WiltonRanch
    Senior Member
    • Jul 2012
    • 4512

    #2
    Originally posted by Hamloc View Post
    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.
    Sure drug canola down yesterday. USA bean crop better be good considering SA drought. On flip side if corn supply is adequate then maybe livestock industry may live to see another day.

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    • furrowtickler
      Senior Member
      • Dec 2004
      • 21856

      #3
      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

      Comment

      • furrowtickler
        Senior Member
        • Dec 2004
        • 21856

        #4
        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

        Comment

        • bucket
          Senior Member
          • Jan 2008
          • 17021

          #5
          Originally posted by furrowtickler View Post
          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
          And to infill the demand coming from Canada.

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