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Nuseed reports that U.S. and Canadian canola markets were strong in 2023 and look robust for 2024. U.S. canola acreage is up over 2.3 million acres, and canola oil demand is growing in food and biofuel uses.
Steady biofuel-driven demand for canola oil supports crush margins and the meal supply that follows. Policy uncertainty in California and federal RFS targets is the main risk to that demand.
nuseed.comApr 1, 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.
