Statistics Canada estimated on March 31 that Canadian canola ending stocks were 5.95 million metric tons (MMT), which was way below private estimates of 6.9 MMT. Where did a million tons of canola go? Some market analysts speculate that perhaps the recent canola crop in Canada was underestimated. The fact that canola prices did not react meaningfully to the report did not lend confidence to the ending stocks figure. There is talk that the canola crop last year was closer to 19 MMT, rather than the current estimate of 18.1 MMT.
Top Story
North American canola ending stocks getting tight
Most Popular
Although China is now receiving the 12 million metric tons (MMT) of U.S. soybeans they agreed to purchase last year and still intends to buy 2…
It’s been a relatively slow period for the durum market, which remains in pretty much the same position it’s been for the past several weeks. …
The canola market continues to show strength recently as the market is said to be supported by higher crude oil prices and higher soybean oil …
The corn market is keeping an eye on a number of factors that can shift price movement quickly and that’s likely to continue, at least for the…
While other grain markets have been impacted by volatile world events, notably rising fuel and fertilizer costs, the U.S. sunflower market has…
