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Statistics Canada's principal field crop production report revised Canadian canola production down by nearly 200,000 tonnes to 17.368 million tonnes, against trade expectations of a 300,000-tonne increase. Analyst Mike Jubinville said the adjustments, including canola, were unlikely to move markets much.
A downward canola revision tightens supply somewhat, but the analyst expects little price impact unless the numbers diverge sharply from expectations.
farmtario.comAdam PeleshatySep 15, 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.
