Grains, oilseeds and pulses
Here’s how this summer’s severe drought drastically reducing yield forecasts will potentially impact profitability over the next quarter.
With supplies remaining tight, prices higher than expected dominate the May outlook for Canada’s grain, oilseed and pulse sectors in 2021.
Grains, oilseeds, and pulse prices have benefited from strong demand and this trend should continue through the end of 2020 and early 2021.
If tight supplies mean higher prices, what’s the outlook for Canada’s grain, oilseed and pulse sectors in 2021?
Why the strength of global demand for grains, oilseeds, and pulses will be the critical driver of profitability in the second half of 2020.
Despite all the uncertainty in crop markets across North America and beyond, Canadian grains, oilseeds and pulse producers may still see positive profits in 2019.
The 2020 outlook of Canada’s grains, oilseeds and pulses sectors is driven by growing global supplies, trade tensions and slowing global economic growth.