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Agriculture Canada forecasts canola plantings of 21.7 million acres, down 3%, with yields of 41.2 bushels per acre. MarketsFarm analyst Bruce Burnett expects acreage to rise 3-5% and questions the yield assumption given soil moisture.
A larger-than-forecast canola crop would ease supply tightness, while a smaller one or drought-hit yields would support canola meal and oil prices.
ukragroconsult.comJan 28, 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.
