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PI Financial's Ken Ball says new-crop canola at about C$840 per tonne is unlikely to fall, even with a good Canadian crop. He expects EU, Black Sea and Australian supplies to offset only part of Canada's deficit after its 14.5 million tonne harvest.
Expectations of firm new-crop canola prices and limited supply relief support canola and meal values for buyers.
ukragroconsult.comFeb 4, 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.
