Flax Chart of the Week
Elevator flax bids in the US had been trading in a wide sideways range between US$12.50 and $15.50 per bushel since the Sept 2010. The rebound in 2014 North American acreage caused those bids to slip into a very narrow US$11.00-11.50 range. Now, the 2015 acreage increase is pressuring US bids again with the potential to drop a bit further yet.
