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Record amounts of Canadian potatoes were left unharvested and canola and soybean production fell to multi-year lows after heavy rain, cold, dry spells and early snow. Trade frictions with China also reduced exports and pricing for canola and soybeans.
Smaller Canadian canola and soybean output tightens supply for meal, but a record canola oversupply and weak export access offset the support for prices.
financialpost.comNaomi PowellDec 9, 2019Not enough comparable past events yet for a historical read.
After 363 past bearish weather events, Soybeans moved a median -0.6% over 5 sessions (42% higher; middle half -2.5% to +1.1%), and -0.2% over 20.
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.
