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USDA cut its 2018-19 Canadian canola export forecast to 10.6 million tonnes from 11.6 million, warning exports could fall further without a quick resolution with China. Agriculture and Agri-Food Canada also lowered its forecast by one million tonnes to 9.8 million.
Lower Canadian export expectations tighten global canola supply for importers and point to weaker Canadian seed and meal availability, supporting prices.
agcanada.comAGCanadaApr 11, 2019Not enough comparable past events yet for a historical read.
After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% 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.
