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Canadian farmers planted 4.7% less canola in 2022 than last year, with the StatsCan report putting plantings at 8.7 million hectares, slightly above trade estimates. Paris rapeseed November futures fell to €663.75 per tonne amid recession concerns.
Lower Canadian canola area tightens the global rapeseed balance and supports rapeseed and canola meal prices, though the reduction was largely priced in. Buyers should watch yield outcomes ahead of harvest.
ahdb.org.ukJul 6, 2022Not enough comparable past events yet for a historical read.
After 114 past neutral report events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.7% to +1.4%), and +0.5% 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.
