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Recent MarketsFarm commentary tracks canola moves from early to late July, including a rally above C$650 on heat and short covering, followed by a pullback after July 8. Analysts say heat stress and weather drove the swings.
Weather-driven rallies are fading as soybean market selloffs drag canola lower, so price direction depends on Prairie yield reports and soy demand.
country-guide.caJul 24, 2024Not 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.
