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Canadian canola exports are running about one million tonnes behind the pace needed to meet the 7.7 million tonne government target. Sales to China have been weak, although China bought 450,000 tonnes in November.
Domestic crush is running 350,000 tonnes ahead of the estimated pace.
Lagging exports leave more supply domestically, but strong crush supports meal output. Chinese buying is the main swing factor for canola prices.
ukragroconsult.comJan 19, 2024
producer.comSean PrattJan 17, 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.
