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Australian canola production in 2017 was mixed, with dry conditions in Western Australia and New South Wales cutting yields, particularly in NSW. Prices fell in much of Australia after overly pessimistic estimates pushed canola out of EU crusher markets, and exports are running at their slowest pace in five years despite a reasonable surplus.
Slow Australian canola exports and lost EU demand leave supply available for meal and oil markets, which weighs on canola-based feed prices.
graincentral.comGuest AuthorFeb 27, 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.
