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Stocks of Principle Field Crops Report Released

The latest Stocks of Principle Field Crops Report was released on Friday.The Stats Can Report shows total wheat stocks dropped to 13.8 million tonnes, Canola dropped 10% nationally to 7.5 million tonnes.
 
Bruce Burnett is G3 Canada’s Weather and Crop Specialist:
 
"Durum stocks were also down from last year, which isn't a big surprise and Canola stocks down from last year but a little bit above what the trade was expecting," he said.
 
Burnett says total stocks of corn for grain, barley and oats all showed an increase year over year.
 
Source : Discoverestevan

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Increased Geo Political Tensions = SELL AMERICA TRADE + Argentina Dry

Video: Increased Geo Political Tensions = SELL AMERICA TRADE + Argentina Dry


Higher geo-politics from Trump wanting to annex Greenlland to conflict with Iran has caused investors to sell everything America. With Matto Grosso Brazil 7% harvested weather has turned wet as harvest progresses but Argentina has turned dry! Both soybean and wheat futures have traded back above the pre-USDA January crop report close a positive technical chart signal. A monster weekly U.S. export report is price supportive but a kick the can down the road on E15 is very disappointing.