I am watching what Stats Canada will report on Friday when they update their 2021 crop estimates. The trade is again expecting smaller estimates of their wheat and canola crops. I will watch what the numbers are–and the trade reaction into the close. Right now, it is difficult for a bullish report to create a rally that will hold.
Get our daily in-depth analysis delivered directly to your inbox by 5:30 AM CST each morning, along with other services created specifically for farmers, when you become a Kluis Commodity Advisors client. Try our Kluis Commodity Advisors 30-day free trial to test it out.