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Australia's largest canola crushers are weighing purchases of interstate seed from South Australia and Western Australia to keep plants at full capacity before new-crop supplies arrive. Eastern states are believed to have enough stocks, but end-user bids may not be high enough to draw them out of storage.
Crushers sourcing seed from other states tightens the domestic pool and lifts local canola basis, while bids that fail to pull stocks signal limited near-term demand pressure.
graincentral.comLiz WellsJul 1, 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.
