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Statistics Canada reported November canola crush of about 1.02 million tonnes, up 12.2 percent year on year but below October's record. Canola meal output rose to 595,085 tonnes, and November grain deliveries fell sharply from a year earlier, with wheat and canola deliveries lower.
Higher canola crush lifts meal supply, which is bearish for canola meal prices, while lower grain deliveries signal tighter Canadian farm marketing and firmer export availability.
grainews.caGlen HallickDec 27, 2024Not enough comparable past events yet for a historical read.
After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.
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.
