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Statistics Canada projected a canola harvest 9% smaller than last year due to reduced plantings. The forecast follows a dispute with China that has curbed canola export sales and weakened prices.
Timely June and July rains improved crop prospects after earlier dryness.
A smaller Canadian crop tightens canola supply for processors and exporters, supporting canola meal prices, though weak Chinese demand limits the upside.
feedandgrain.comDec 1, 2020Not 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.
