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Canadian canola crushers are buying offshore supply, purchasing two shipments each of up to multiple cargoes, as domestic seed supply tightens at the end of the crop year. Farmers have largely emptied their bins.
Crushers importing seed from abroad signals tight Canadian canola supplies, which supports prices and could raise the cost of canola meal for feed buyers.
producer.comadminApr 29, 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.
