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Statistics Canada raised its canola production estimate to 18.3 million tonnes from 17.4 million in the previous report, down 2 percent from last year and in line with trade expectations. ICE Canada January canola futures eased slightly after the report.
A larger-than-previous Canadian crop adds supply, though the figure matched expectations, so the price reaction was muted.
reuters.comRod NickelDec 4, 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.
