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Canada's soybean exports in November 2020 reached 947,389 tonnes, the highest monthly volume in two years, with China taking only 12.5% as shipments diversified. Lentil and dry pea exports were also reported, with India and China as leading destinations.
Overall Canadian merchandise trade data for November was also released.
Export diversification away from China reduces dependence on a single buyer, and steady soybean shipments keep supply flowing to feed processors.
dtnpf.comCliff JamiesonJan 7, 2021After 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.
