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Canadian canola exports reached 4.2 million tonnes through week 22 of the 2020-21 marketing year, about 33% higher than a year earlier. China more than doubled its purchases to 1.2 million tonnes as of December, despite restrictions on some Canadian exporters.
Canola prices are near record levels as supplies tighten.
Tight canola supplies lift the price of canola meal used in livestock feed, and strong export demand reduces the stocks available for domestic crushing.
financialpost.comReutersJan 31, 2021
reuters.comRod NickelJan 31, 2021reuters.comRod NickelJan 31, 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.
