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The Canola Council of Canada held its AGM and released its 2022 annual report, highlighting rebounding yields after the 2021 drought, resolving export issues with China, and expanding into Asia-Pacific and biofuel markets. Three new board members were also welcomed.
The report is an industry overview with no new supply or demand shock, so it has little direct effect on canola meal or oil prices beyond signalling continued export recovery.
canolacouncil.orgCanola CouncilMar 9, 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.
