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Canola prices have dropped below $800/t for the first time in over a year after a strong run, while input costs are rising and margins tightening. Western Australian growers expect a sizeable crop of around 3.16 million tonnes, and USDA sees global rapeseed output near 80 million tonnes.
Larger global canola supply and competition from Canada and palm oil are pulling prices down, which weighs on feed-linked oilseed meal values.
milne.com.auAug 28, 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.
