Loading…
MarketsFarm's China Trade Report forecasts canola ending stocks of 4.67 million tonnes for 2018-19 and 4.49 million for 2019-20, far above 2017-18 levels. It expects North American oilseed prices to keep falling unless severe weather intervenes.
Persistent record-level oilseed stocks cap price recovery, implying weak canola meal and seed prices through the 2019-20 crop year for feed buyers.
producer.comEd WhiteMay 30, 2019Not enough comparable past events yet for a historical read.
After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% 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.
