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Statistics Canada projects canola plantings to rise slightly to 8.7 million hectares in 2023-24, with output near 18.4 million tonnes. Market players doubt the forecast given a cold, dry spring and a hot May.
Expected expansion is partly offset by weather risk, so the supply outlook is uncertain, with implications for canola meal availability and prices.
mintecglobal.comKyle HollandJul 3, 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.
