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Canada's soybean seed exports for the 2016/17 crop year are expected to reach about 4.5 million tonnes, up more than 9% from the prior year. Canola exports and crush also set records during the crop year.
Record export and crush demand tightens Canadian supplies and supports soybean and canola prices. Strong Chinese demand is a key factor.
producer.comadminAug 10, 2017After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
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.
