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Statistics Canada reported a record October canola crush of 882,301 metric tons, up 12.1% from a year earlier. China's October imports of soybean oil rose 48.9% and palm oil rose 73.1% year on year, while the CN Rail strike may affect grain and product movement.
Record crush data signals strong domestic canola meal output and demand for seed, while higher Chinese vegetable oil imports support edible oil prices.
dtnpf.comCliff JamiesonNov 25, 2019Not enough comparable past events yet for a historical read.
After 296 past bullish report events, SBO moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% over 20.
After 149 past bullish report events, PALMOIL moved a median +0.5% over 5 sessions (57% higher; middle half -1.1% to +1.8%), and +0.8% 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.
