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Dairy nutritionists report that a growing share of dairy herds, especially larger ones, now use canola meal as their main protein source, even without a steep discount to soybean meal. Early fall canola pricing was $220 to $250 per ton while soybean meal hovered near $300.
Stronger canola meal demand from dairies can support canola meal prices and widen substitution away from soybean meal, though transport constraints from western Canada limit how far it can displace SBM in the Midwest.
tanktransport.comNeal HightowerDec 27, 2018Not 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.
