Updated supply/demand estimates from Agriculture and Agri-Food Canada, released March 18, included only minor adjustments, as the agency incorporated the latest acreage forecasts from Statistics Canada released earlier in the month.
Geopolical risks and trade uncertainty may alter outlook
Canola carryout revised higher, wheat down
Some had anticipated even larger on-farm canola stocks, given slower export pace
Corn carryover up significantly
Canola, wheat, pea carryout estimates unchanged
Wheat production estimate up, soy down