Loading…
Rick White, CEO of the Canadian Canola Growers Association, told a House of Commons committee that Canada harvested a record 21.3 million tonnes of canola in 2017-18. He spoke about the country's grain transportation backlog and the reliance of canola exporters on rail.
Rail bottlenecks can delay canola shipments to export markets, widening Canadian basis and limiting export competitiveness, while a record crop adds supply pressure.
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.