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Canola Council of Canada president Jim Everson delivered a speech at the Canola Week virtual event on innovation, sustainability and greenhouse gas reduction. He cited canola contributing nearly $30 billion annually to the Canadian economy and over 207,000 jobs.
This is an industry address focused on research and sustainability with no new supply or demand shock, so it has little direct effect on canola meal or oil prices.
canolacouncil.orgCanola CouncilNov 30, 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.
