Global soybean glut could pressure canola prices

The world will be awash in soybeans in 2024-25, and that could be an anchor on canola prices, say analysts. The International Grains Council is forecasting 75.4 million tonnes of global soybean carryout, excluding China. That would be 13 per cent more than last year and 31 per cent above the previous five-year average. Read more on expectations from this Western Producer article.