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COPA data show Canada crushed over 838,000 MT of canola in July 2018, up 12% year over year and a record for the month. Canola oil output rose 16% to 379,300 MT, and Canada expects record canola exports to China due to tariffs on US soybeans.
Strong Canadian crush and expected record exports to China tighten canola supply and support canola meal and oil prices, while the tariff-driven shift away from US soybeans keeps canola prices firm.
mckeany-flavell.comBarbara BrodnitzAug 28, 2018Not enough comparable past events yet for a historical read.
After 114 past neutral report events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.7% to +1.4%), and +0.5% 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.
