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Canadian canola export shipments since August 1 reached 729,600 t, down from 983,700 t a year earlier and at multi-year lows. August exports were the weakest monthly volume in at least a decade, with low carry-in stocks and a late harvest limiting supply.
Weak exports and tight exportable supply support canola and canola meal prices, though recovering harvest deliveries could ease pressure. Buyers should watch for demand shifting to Australian supply.
ukragroconsult.comOct 18, 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.
