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Statistics Canada reported domestic crushers processed 861,671 tonnes of oilseeds in June, up from 821,292 a year earlier, with 447,433 tonnes of canola used for meal. Canadian grain deliveries rose to 4.502 million tonnes, with barley deliveries up sharply and oat deliveries down.
Higher crush rates increase canola meal output, which is bearish for meal prices, while lower oat deliveries may tighten feed oat supply.
grainews.caAbout the authorJul 25, 2024Not enough comparable past events yet for a historical read.
After 52 past bullish report events, Oats moved a median -2.0% over 5 sessions (33% higher; middle half -3.4% to +2.4%), and +0.7% over 20.
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.
