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Statistics Canada data showed Canada's 2019/20 canola crop fell by over 700,000 tonnes to its smallest in four years. About 810,000 hectares of canola remained buried under snow, and corn was left unharvested in many fields.
A smaller Canadian canola crop reduces exportable supply and supports canola meal and oil prices, though the China ban limits the price effect.
graincentral.comGuest AuthorDec 10, 2019Not enough comparable past events yet for a historical read.
After 445 past neutral weather events, CORN moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.6%), and +0.7% 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.
