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Oil World reports Canada exported 1.07 million tonnes of canola seed in April, a record 4.29 million tonnes in the first four months of the year. Canadian canola ending stocks could fall to a four-year low of 0.9 million tonnes, and global soybean production is estimated at 248.24 million tonnes.
Record exports leaving Canadian ending stocks at a four-year low tighten canola supply, supporting canola meal and oil prices.
grainsprices.comGate.BGMay 25, 2017Not enough comparable past events yet for a historical read.
After 788 past bearish report events, Soybeans moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% over 20.
After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% over 20.
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.
