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The Canola Council of Canada said the industry can handle a large 2024 crop, after Canada produced 18.3 million tonnes in 2023. Domestic crushing reached 10.5 million tonnes, and officials flagged transport and port capacity as key constraints.
A large crop would add supply, but expanded domestic crush and biofuel demand could absorb much of it, limiting downside to canola meal and oil prices.
producer.comEd WhiteMar 21, 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.
