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Statistics Canada forecasts the 2019 canola harvest at 18.5 million tonnes, 9% smaller than last year due to reduced plantings tied to the China dispute. The figure came in slightly below the average trade estimate of 18.9 million tonnes.
A tighter-than-expected Canadian canola supply could lift canola futures and meal prices, though final December figures are often higher than summer forecasts.
financialpost.comReutersAug 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.
