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Agriculture Canada revised its canola supply and demand table, showing a negative feed, waste and dockage figure of -727,000 tonnes. Analysts say this reflects strong demand that nearly exceeds available supply, and expect an upward revision to the 2016 production estimate of 18.42 million tonnes.
Canola feed and residual demand appearing to outstrip supply signals tight Canadian canola balances, which supports canola meal and oilseed prices. A production revision could ease that tightness.
realagriculture.comShaun HaneyAug 23, 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.
