Loading…
Canola futures hit lows not seen since June as winter seasonal weakness and a record fund short position weighed on prices. An analyst expects limited further selling power from funds but sees the overall trend remaining lower.
Vegetable oil markets weakened on higher palm oil output in Indonesia and Malaysia and a larger Argentine soybean crop.
Expanded palm and soy oil supply and lower canola crush margins point to continued downward pressure on canola and related meal and oil values. Buyers of canola meal can expect a softer price environment in the near term.
grainews.caGFM Network NewsJan 3, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
