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Canadian canola is priced about US$45 per tonne above other major exporters such as Australia, causing it to lose sales in price-sensitive markets. Cargill advisers said Canadian processors have even imported canola from Europe, and slow movement of canola off farms reflects the weak export position.
A price premium over competitors cuts export demand and pushes more supply into domestic crush and meal. That weighs on canola meal values unless offshore buyers return.
producer.comEd WhiteJan 25, 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.
