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Canadian canola meal shipments to China from January through August reached 415,000 tonnes, the highest since 2011 and up from zero the prior year. Shipments were worth $132.1 million, and several Canadian plants were newly registered for trade by Chinese authorities.
Stronger Chinese demand for canola meal gives Canadian crushers more margin, supporting crush volumes and meal prices, which tightens protein supply for feed buyers outside the US market.
grainews.caRod Nickel, GFM Network NewsNov 14, 2016Not 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.
