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The Canadian Canola Growers Association says over 50 grain vessels are waiting off the West Coast, against a typical 25, and 60,000 rail car orders remain unfilled, equal to 5.4 million tonnes. Prairie elevators are nearing capacity amid rail disruptions.
Export backlogs and full country elevators reduce canola flow to buyers and raise demurrage costs, supporting canola meal prices while hurting farm-gate bids.
farmnewsnow.comAlice McFarlaneFeb 24, 2020Not enough comparable past events yet for a historical read.
Not 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.
