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Alberta Agriculture analyst Neil Blue estimated 2018-19 canola stocks near a record 4 million tonnes and said the 2019-20 carryover is uncertain given China's canola trade restrictions. Canola futures are in a strong carrying-charge market, with later months priced higher to cover storage, interest and insurance costs.
Large inventories and restricted export demand to China keep canola prices under pressure, while carry structure means higher deferred prices reflect storage costs rather than a forecast of rising supply tightness.
pipestoneflyer.caStaff reportsDec 6, 2019Not enough comparable past events yet for a historical read.
After 480 past neutral trade events, CORN moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% 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.
