New crop outlook has improved since the start of the year

Over the past six months, grain and oilseed producers have experienced a period marked by significant news about global supply chains and U.S. trade relationships but generally stronger-than-expected prices. Weather conditions have, as usual, been unpredictable across the country: while some producers have faced yet another year of drought, many others are anticipating favourable crop yields. Since last January’s outlook, crop margins have improved, though for most producers they remain close to breakeven levels.

Cash prices have strengthened since January outlook

Read more