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Canada exported only 292,000 tonnes of canola seed in June, the lowest monthly volume in nine months, as Chinese demand fell. Shipments to China rose sharply in January-June, and exports are expected to recover to 480,000-500,000 tonnes in July.
Weaker June exports leave more canola available domestically, which is mildly bearish for canola prices, though the expected July recovery limits the effect.
ukragroconsult.comAug 11, 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.
