Stats Canada released its first planting intentions estimates for 2017 last Friday, and there will be some enormous acreage swings in the U.S. neighbor this year if those numbers are close to accurate.Stats Canada released its first planting intentions estimates for 2017 last Friday (see below for comparison with 2016).There will be some enormous acreage swings in Canada this year if the above-noted numbers are close to accurate. Following are a few observations:
A 17 percent decrease in durum acres wasn’t surprising. More than 50 percent of last year’s crop was seriously damaged by the wet harvest, and prices for the good durum didn’t rally despite those significant quality problems. An 8 percent boost in spring wheat acres was unexpec...
What You Need to Know Today: China’s state-run COFCO, in statements on Tuesday, implied that U.S. corn exports were currently uneconomical but hinted that the Middle Kingdom would import 3.5 MMT of the feed grain this year, with 1 MMT likely sourced from the U.S. Another drone attack has...
Tanker-tracking data shows a smaller recovery in oil flowing through the Strait of Hormuz than previously thought. Energy Secretary Chris Wright, speaking by video to an international energy conference in Riyadh, Saudi Arabia, said that oil moving through the strait was back to 80 to 90 percent...
Key Takeaways: While soybean, palm, sunflower, and rapeseed oils dominate global vegetable oil markets, premium oils such as olive, avocado, coconut, and sesame command substantially higher prices due to their distinctive flavors, nutritional characteristics, and specialized culinary uses.. Ol...
