According to a notable grain market analyst, weather and politics is causing some serious uncertainty in the markets.
Neil Townsend with FarmLink Marketing Solutions says a trade dispute between China and the U.S. is leading to ups and downs in the market.
But, he says the canola and wheat markets have found some support due to the chilly weather.
“I think both of them still have some upside, potentially based on insecurities,” he said. “It’s not just the planting.”
“I think, the later planting, if it does turn out to be later planting, kind of concentrates the growing season during critical months.”
Townsend said strong demand for feed grains in China is supporting the Canadian barley market.
But, he did note pulse tariffs in India and large world supplies are weighing heavily on the pulse crop market.