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An SK Oilseeds special report argues canola sentiment is overly negative, noting canola futures fell over 15% from mid-June highs. It notes Canadian output may exceed 20 million tonnes, with larger crops in Australia and the EU, while biofuel demand is a potential support.
Large global supply is bearish, but biofuel-driven crush demand offers some support to canola meal and oil values.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.