Full bins and heavy supply drag on canola and oilseed market prices

Houston, we have a problem — and it’s larger-than-ideal crop supplies available combined with lagging demand for some oilseed and crush byproducts.

That’s at least part of what is going on in the oilseed complex, says Tyler Schau of AgMarket.net. He spoke with Shaun Haney at Commodity Classic last week held at — you guessed it — Houston, Texas.

Schau recaps the ride markets have been on since Russia invaded Ukraine now two years ago. The cascading impact into the wheat and greater commodity complex really drove up prices at first, but supply and demand dynamics have shifted significantly since then, beyond even the wheat market.

A larger than expected canola and sunflower crop in both the U.S. and Canada has dragged down the oilseed complex, and global use and import stats aren’t exactly bullish. What about the biofuel and renewable diesel markets? Is added crush capacity paired to demand? That’s where we may see some jockeying for price direction in the longer term, Schau says.

Listen below to the full market analysis:

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