Strong demand for oilseeds has lifted farm receipts from $4.9 billion in 2009 to $9.3 billion in 2018, an 82% increase. But 2019 is a different story.
Large supplies of canola, softer global demand for oilseeds largely due to the spread African Swine Fever in China and market access issues have led to a weaker canola market. But, despite these challenges, canola prices remain resilient. Potential swings in supply and demand of canola highlight the need for producers to develop a solid risk management plan and revisit it on a regular basis....Read More