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A USDA GAIN report projects Canada's total oilseed exports could fall 1.5% in MY 2023/24 as domestic processing rises. Net oilseed production may dip slightly to 24.7 MMT on dryness in Alberta and Saskatchewan, and the lambda-cyhalothrin ban for feed-channel crops may affect planting.
Lower export availability and a larger domestic crush shift supply toward meal production, which can support canola meal domestically while easing export-driven competition for seed.
millingmea.comFrankMar 31, 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.
