Loading…
DTN analysis says USDA and AAFC data point to canola stocks-to-use falling for a fourth straight year in 2017/18. Canada's ratio is projected at 3.4%, the lowest in Statistics Canada data back to 1996, while global rapeseed stocks-to-use is forecast at 6.9%.
Historically tight canola and rapeseed carryouts support meal and oil values, which matters for feed buyers sourcing canola meal. Larger model-based production estimates could partly offset the tightness.
dtnpf.comCliff JamiesonSep 20, 2017Not 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.
