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AAFC's July estimates keep Canada's 2017/18 canola ending stocks at 600,000 tonnes, unchanged from June, with 2017/18 tightened to 300,000 tonnes. This is well below the five-year average of 1.778 million tonnes.
Commercial stocks and deliveries are also discussed.
Very low projected canola stocks tighten supply for crushers and meal buyers, supporting canola meal prices into the new crop year.
dtnpf.comCliff JamiesonJul 24, 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.
