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The USDA Foreign Agricultural Service expects Canadian oilseed production to rise 6 percent to 26.58 million tonnes in 2021-22, mainly from more canola area and better yields. Canola beginning stocks are projected to fall to about 700,000 tonnes, 2.4 million tonnes below the prior year.
Total oilseed exports are forecast to fall 7 percent.
A sharp drop in canola carry-in stocks tightens supply until the new crop arrives, which supports canola prices. The larger expected crop offsets part of that tightness and limits upside.
world-grain.comSusan ReidyMar 22, 2021Not enough comparable past events yet for a historical read.
After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
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.
