Loading…
Canada's canola acreage intentions for the coming season are lighter than expected, adding to a tight vegetable oil supply picture. Canada is the top global exporter of canola oil and seed, and China and the United States are leading buyers.
Reduced Canadian canola supply keeps global vegoil and canola meal tight, supporting prices for competing oils and meals used in feed formulation.
reuters.comKaren BraunApr 27, 2022Not enough comparable past events yet for a historical read.
After 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% over 20.
After 149 past bullish report events, Palm Oil moved a median +0.5% over 5 sessions (57% higher; middle half -1.1% to +1.8%), and +0.8% 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.
