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CBOT soybeans slid last week on ample supply and doubts about Chinese demand, with meal also falling and oil range-bound. US soybean sales to China are 20.2 million mt year-to-date versus 27.2 million a year earlier.
Canada is on pace to export only 5.8 million mt of canola this crop year.
Weak Chinese buying and heavy South American supply keep soybean and meal prices under pressure, which benefits feed buyers on meal costs. Lower Canadian canola exports point to ample canola meal availability.
saskcanola.comWritten By SaskOilseedsJan 24, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
