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Canada has sold out of canola roughly six months before the next harvest after prices hit a near 13-year high. Exports are up about 33% and China more than doubled its purchases in December, though restrictions on two exporters remain.
Limited remaining Canadian supply and strong demand for oil and meal keep canola and meal prices firm, and an upcoming Statistics Canada estimate could move prices.
zmp.deFeb 1, 2021Not enough comparable past events yet for a historical read.
After 224 past bullish trade events, Soybean Oil moved a median +0.4% over 5 sessions (54% higher; middle half -1.5% to +2.1%), and -0.5% 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.
