Loading…
An analyst at PI Financial expects Canadian canola exports in 2022-23 to fall well short of Agriculture Canada's 9.3 million tonne forecast, with some traders estimating 6 to 7.5 million tonnes. Australia's record 7.3 million tonne canola crop could nearly match Canadian exports this year.
Lower Canadian exports would increase carryout and pressure prices, but rising Australian competition and the possibility of lower prices in spring limit the upside.
ukragroconsult.comDec 19, 2022Not 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.
