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Canola stockpiles as of March 31 reached their highest seasonal level since 1980 because China has stopped buying Canadian seed. Growers may need to buy new bins at roughly C$2 per bushel to hold leftover supplies from the 2018 harvest.
Record carry-in stocks add to bearish canola pressure and may force farmers to sell quickly, weighing on canola meal and seed prices.
caixinglobal.comMay 23, 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.
