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Wednesday, 31 August 2016 14:03

August outlook for 2016-17 early delivery and annual pools

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G3 Canada Limited  released updated Pool Return Outlooks (PROs) for the 2016-17 Early Delivery and Annual pools, including Futures Choice Pools on Aug. 26.

Compared to the last PRO released in July, projected returns for wheat and durum are up slightly and field peas are down sharply.
Canola returns are up slightly for the Early Delivery pool and down slightly for the Annual pool, while soybean projected returns are down from the July outlook. Projected returns for all Futures Choice pools are unchanged.
PROs for 2016-17 are based on current information as the 2016 harvest is getting underway across the Prairies. Since the last PRO, excellent wheat yields are being confirmed across the U.S. region.
As the spring-seeded crops enter harvest, the expectation is generally for high yields across the Prairies.
The focus is now on harvest weather and crop quality results.
Futures markets have generally trended sideways over the past month, with the bearish reports of better-than-expected yields being offset with concerns around the potential for less-than-ideal harvest weather conditions.

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