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Statistics Canada reported record January canola exports of $845 million, with volumes of about 1.4 million tonnes driven by strong Chinese demand and low prices. Canadian canola exports to China recovered to 741,000 tonnes in January after falling to 80,000 tonnes in September.
Strong export demand tightens Canadian canola supplies and supports prices, though buyers were drawn in partly by cheap prices that have since recovered.
infonews.caAbbey WestburyMar 7, 2017
kelownadailycourier.caIan Bickis The Canadian PressMar 7, 2017After 114 past neutral report events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.7% to +1.4%), and +0.5% 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.
