The lower prices were largely driven by fund liquidation of long positions and pressure from Chicago. With WCE prices down and the decline in the Canadian dollar, we may see China back in the market overnight. Farmer selling has also dried up, but could reappear if the market recovers later this week. There are now unconfirmed reports that we may now have sold as much as 1.9 mmt of canola to China. Japan has been doing their usual business, but Mexico has been pretty quiet recently.
Weekly exports are also week above last year's levels.