Canada Prairie futures and cash prices 2024
Effective Date: Thursday, January 18th This is a weekly overview of average published prices, compiled every Monday. Futures may exhibit slight variations during data collection due to ongoing changes.
Who Purchases Canola from Canada?
Who Purchases Canola from Canada? As of October, Statistics Canada documented canola exports totaling 1.566 million tonnes. China emerged as the primary buyer, representing 64 percent of the total volume at 1.006 million tonnes. Following closely, Japan and Mexico accounted for 273,300 tonnes and 196,900 tonnes, respectively.
Why is Canola Priced High in Canada?
Canola prices in Canada are elevated due to robust domestic demand, supported by board crush margins consistently averaging over $200 per tonne. Additionally, a significant export demand from China has contributed to the overall increase in prices. Strategie Grains anticipates a total EU import program of 6.8 million tonnes through the end of June in the 2022-23 period.
