Loading…
Australia's 2023-24 canola crop is forecast at 4.9 million tonnes, down 3.4 million from the record 2022-23 crop, due to an expected dry El Niño spring. Canadian canola is also facing potential supply constraints, which could shift Asian oilseed trade toward Australia.
A smaller Australian crop and possible Canadian export constraints tighten canola supply, supporting canola meal prices.
stockjournal.com.auEd Scamps, Cloudbreak Grain MarketingAug 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.
