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Canadian canola production is expected to decline 0.4% from the prior crop year. The prior year's output was revised up from 18.65Mt.
Canada is the world's largest canola producer, and the crop is its second-largest.
A smaller Canadian canola crop tightens supply of canola meal and oil. This supports canola-based feed ingredient prices.
graincentral.comGuest AuthorSep 8, 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.
