Loading…
The area of canola being harvested in New South Wales is roughly half what was planted, as farmers grazed and cut hay for sheep. Domestic crushers are competing for seed, with prices above $600 per tonne delivered, prompting cash sales from growers.
A sharply smaller Australian canola crop reduces export availability and supports canola meal and seed prices, while strong crusher demand limits downside.
graincentral.comLiz WellsNov 8, 2019Not 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.
