Home   News

Sask. farmers face price uncertainty as harvest gets underway

A market analyst says there is a lot of price uncertainty as farmers prepare to harvest the 2019 crop in Saskatchewan.
FarmLink Marketing Solutions senior analyst Neil Townsend advises farmers to be patient when selling wheat because there are a lot of trade concerns.
Townsend says a good target price for wheat is 6 dollars 30 cents a bushel, which is down from last year.
Townsend has more optimism about canola, saying world demand is rising for vegetable oil and the there are concerns about harvest of Canadian canola and U.S. soybeans this fall.
He says a target price for canola is 10 dollars a bushel or better.
He adds there is also a lot of uncertainty around pulse crops because of high tariffs in India.
Click here to see more...