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US canola demand has eased as Americans eat more at home and restaurants use less canola oil. North Dakota canola acreage is expected to decline slightly in 2020, and rains in late June helped drought-stressed areas.
Weaker food-service demand and slightly smaller planted area keep canola oil and seed prices under pressure, though improved moisture limits downside.
agweek.comJonathan KnutsonJul 7, 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.
