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USDA's FAS attaché report on Canada's oilseeds outlook notes dryness in scattered areas of Alberta and Saskatchewan, with canola production rebounding in MY 2022/23 and exports to China recovering after access was reinstated for two major canola handlers. Canada will also end domestic feed-channel uses of the insecticide lambda-cyhalothrin from April 2023.
Improved canola output and reopened China access add supply and export flow to the canola complex, while the pesticide restriction on feed-destined grain could tighten feed-grade supply and alter planting choices.
fas.usda.govMar 27, 2023Not enough comparable past events yet for a historical read.
After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
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.
