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Alberta government analysis says Canadian canola carryover will be extremely small even if 2021 production is revised higher. Exports are running about half of last year's pace while domestic crush is only slightly below last year.
Record canola prices have been set for both futures and cash.
Very tight carryout supports canola prices and limits export availability, which keeps canola meal costs elevated for feed users until the new crop arrives.
alberta.caMay 16, 2022Not enough comparable past events yet for a historical read.
Not 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.
