Loading…
Canadian canola exports reached 4.295 million tonnes at the crop-year midpoint, in line with Agriculture Canada's 8.6 million tonne full-year forecast. Domestic crush is running slightly ahead of forecast, and the ICE canola board crush margin remains above $200 per tonne.
Export pace matching forecasts and strong crush margins support steady canola meal output, while softer soybean oil prices trim crush profitability.
producer.comD'Arce McMillanFeb 16, 2023Not enough comparable past events yet for a historical read.
After 146 past bearish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +1.9%), and +0.4% 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.
