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Statistics Canada forecasts a canola crop of 18.5 million tonnes, down 9% year over year and below the trade estimate of 18.9 million tonnes. Reduced plantings followed the China dispute, which has curbed export sales since early 2019.
A smaller-than-expected Canadian canola crop tightens supply and could support canola prices, though analysts note farmers typically underestimate yields in summer surveys.
theglobeandmail.comAug 28, 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.
