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An AWB analyst says New South Wales oilseed growers are well placed to benefit from tight global canola seed supply and low stocks. Europe's harvest is ending near forecasts, and attention is shifting to Australian supplies.
Canada is expected to trade only what its reduced production allows.
Australia's canola export opportunity grows as Canadian supply shrinks and European crush demand turns to Australian seed. Higher export demand for Australian canola supports canola meal and seed prices.
theland.com.auSamuel Reichstein, AwbAug 17, 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.
