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Canada's canola stocks-to-use ratio ended 2019 above 20 per cent, well over the five-year average of 13.4 per cent. FCC's 2020 outlook projects canola around C$465 per tonne, with prices potentially rising to C$500-550 if China exports resume.
Heavy carryout stocks pressure canola prices, and reopened Chinese demand is the key upside driver for canola meal and seed.
grainews.caGFM Network NewsJan 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.
