Loading…
Statistics Canada and Canadian Oilseed Processors Association data show canola crushing at a record pace, with 3.994 million metric tons crushed through January 4, up 14.7% year on year. Canola oil exports rose 15% and meal exports rose 24.5% in the first four months of the crop year.
Strong crush and meal/oil export demand tightens canola meal supply and supports canola and meal prices, which competes with soybean meal for feed buyers.
dtnpf.comCliff JamiesonJan 12, 2017Not enough comparable past events yet for a historical read.
After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% 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.
