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Mercantile Consulting's weekly outlook says year-to-date canola disappearance is 11.8 million tonnes, down 12% on last year. Domestic crush margins improved as crude oil rose, and canola oil is moving to the US for blending, while seed exports remain weak.
Stronger crush margins support meal production and the meal balance, while weak seed exports leave excess supply in Canada.
saskcanola.comWritten By SaskOilseedsApr 16, 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.
