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Statistics Canada forecast 2024/25 canola output at 19.5 million tonnes, up 1.6%, and 2.6% below USDA. Winnipeg November canola fell 0.5% to C$596/t and Paris rapeseed fell 0.5% to €461.25/t, while Australian canola was forecast at about 5.4 million tonnes.
A canola crop near analyst expectations and below USDA limits downside pressure on canola and rapeseed prices, though the Australian and Canadian supply outlook keeps the market balanced.
ukragroconsult.comAug 29, 2024Not 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.
