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Failing east coast canola crops mean Australian crushers may need to source seed from interstate or overseas this season. The Australian Oilseeds Federation says the 2.66 million tonne crop forecast is no longer realistic, with further cuts expected and frost damage reported.
A tighter Australian canola supply raises demand for imported seed and supports domestic basis, pushing up crush-related meal and oil costs.
farmonline.com.auGregor HeardSep 25, 2018Not 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.
