Loading…
Strong global canola prices are expected to persist into the Australian harvest, with crushers in China and Europe as the main buyers. USDA raised its forecast for Australian 2020-21 canola exports to 2.35 million tonnes and Canadian exports to 9.8 million tonnes, and cut its European canola import forecast to 5.7 million tonnes.
Europe's drought-reduced crop and lower EU import forecast tighten the oilseed balance, supporting canola meal prices for feed buyers.
graincentral.comLiz WellsAug 19, 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.
