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According to Chuck Penner, LeftField Commodity Research, everyone was waiting for the USDA planting intention report with baited breathe but what shocked (or maybe not) the market was the stocks report.
Farmers holding onto old crop crop corn and wheat without unhedged are feeling a little sick this morning at least.
Canada is losing farmland each day. It's not technically disappearing, mind you, it's being bought up, levelled, and paved over for new suburbs and shopping malls. It's also being speculated on, sometimes by surprising buyers — maybe it's local farmers, but more likely by an investment fund looking to cash in on the seemingly endless…Read more »