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Canadian canola prices reached about $15 per bushel in Saskatchewan, the highest nearby futures levels since April 2012. An analyst expects Canada's canola exports to reach 10.2 million tonnes this marketing year, below the current pace, implying demand rationing.
Prices are largely driven by the strong export program.
Expected supply rationing supports canola meal and seed prices, which raises input costs for feed mills relying on canola meal.
producer.comSean PrattJan 21, 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.
