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DTN analyst Cliff Jamieson reviews USDA's August WASDE, which forecasts record global rapeseed/canola output of 82.48 million tonnes, up 10.2 million. Canadian production is put at 20 million tonnes, and global stocks are projected to rise 47% to 6.8 million tonnes.
A record global rapeseed crop with production exceeding demand for the first time in four years points to ample supply and pressure on canola and meal prices.
dtnpf.comCliff JamiesonAug 15, 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.
