Loading…
Analysts Marlene Boersch and Bruce Burnett expect Canada's 2023-24 canola carryout to be well above Agriculture Canada's one million tonne forecast, citing slow exports down 18 percent. Boersch lowered her export estimate to 7.5 million tonnes and raised production to 17.79 million tonnes.
A larger expected carryout implies more canola supply available, which is bearish for canola meal and oil prices unless export demand picks up.
producer.comSean PrattDec 1, 2023Not 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.
