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Canada's 2021 canola crop was forecast at 14.75 million tonnes in mid-September, down 24% from 2020 and the lowest in nine years, due to drought-driven yield losses. Analysts say final production could fall below 13 million tonnes, while Australia is having one of its best canola years.
A much smaller Canadian crop tightens canola meal and oil availability for importers, supporting prices. Australia's large crop may partly offset the shortfall in export markets.
grainews.caLee HartOct 19, 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.
