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Australian canola exports from the 2018 crop started strongly, with 155,013 tonnes shipped in November mainly to Belgian and German crushers. Dry EU conditions cut the 2018 harvest, and the 2019 EU crop may fall to a decade low near 20 million tonnes.
Expected tight EU rapeseed supply supports firm European demand for imports and canola meal, which keeps prices elevated for feed buyers.
graincentral.comLiz WellsJan 23, 2019Not enough comparable past events yet for a historical read.
Not 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.
