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Canadian farmers are expected to plant a record canola crop of about 24 million acres in 2018, citing the U.S.-China trade spat and higher prices. Canola acres have surpassed wheat and futures reached an eight-month high in March.
A record Canadian canola crop adds future supply of canola meal and oil, which may cap gains even as Chinese demand shifts toward Canadian oilseeds.
baystreet.caJoel BagloleApr 11, 2018Not enough comparable past events yet for a historical read.
After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% 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.
