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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.
commodity-board.comE. JarvisAug 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.
