Loading…
Trade estimates expected downward revisions to Statistics Canada's small crop forecasts ahead of its first survey-based report. AAFC has lowered its 2021-22 canola export forecast while raising domestic usage, leaving ending stocks unchanged.
ICE canola futures recently reached new highs before weakening.
Lower Canadian export forecasts and tight supplies support canola prices, though the offsetting domestic usage limits the effect. These are routine updates with modest price impact.
farmtario.comDec 1, 2021Not 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.
