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The Chinese Academy of Agricultural Sciences is testing a winter rapeseed variety for idle rice fields in Jiangxi province. The crop could eventually be grown on about 10.6 million acres and add roughly 11.25 million tonnes of annual output.
Expanded Chinese rapeseed production could reduce import demand for Canadian canola over time, a bearish factor for canola meal and oil, though the effect is years away.
producer.comSean PrattApr 21, 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.
