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Statistics Canada data shows European countries overtook China as the main destination for Canadian canola exports, with France alone exceeding China in December. China slowed imports after buying 2.687 million tonnes in the first five months of the marketing year.
USDA cut global rapeseed/canola ending stocks for 2024-25 by 29.8%.
Europe absorbing Canadian canola limits the price damage from China's slowdown, and tight global rapeseed/canola stocks support prices.
dtnpf.comMitch MillerFeb 18, 2025Not 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.
