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Rabobank says global canola production in 2022/23 hit a record after an 18% rise, with ending stocks expected to recover. Canada may harvest over 20 million tonnes, though dry conditions threaten about half its crop area.
Ample global canola supplies and large inventories limit price upside, although Canadian drought risk could tighten the outlook.
airep.com.auJul 8, 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.
