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MarketsFarm analyst Mike Jubinville reports China bought up to one million tonnes of Canadian canola for March through May delivery, though he doubts the buying will lift futures. Mercantile Consulting reports four to six cargoes sold to China in recent weeks, following a record 739,000 tonnes bought in December 2023.
Chinese buying supports Canadian canola export flows, but analysts expect limited price support because China is buying at prices set by sellers and futures have trended lower since summer.
producer.comSean PrattFeb 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.
