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A USDA GAIN report projects Canada's 2022-23 oilseed production to rise 35% to 25.7 million tonnes, rebounding from drought-hit 2021-22 canola yields. Canola stocks are forecast to fall to multi-decade lows by the end of 2021-22.
A larger expected Canadian crop eases future canola supply, but tight old-crop stocks and strong demand keep near-term meal and oil prices supported.
world-grain.comArvin DonleyApr 11, 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.
