For the week ending November 1, Canadian farmers delivered 458,700 tonnes of canola to commercial channels, bringing season-to-date deliveries to 5.9 million tonnes, 1.3 million tonnes above the same period last year. Canola exports that week were 284,900 tonnes, while season-to-date exports reached 2.2 million tonnes, up 57% year on year.
Higher deliveries and export volumes point to ample Canadian canola availability and could lower imported-seed costs, weighing on rapeseed oil and meal prices.
After 152 past bearish trade events, Soybean Oil moved a median -0.2% over 5 sessions (47% higher; middle half -2.1% to +2.1%), and -0.1% 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.