ICE canola futures fell sharply in early Thursday trading to their lowest in nearly three months, with January down C$5 at C$780.70 per tonne. Lower crude oil, soyoil, palm oil and rapeseed prices weighed on values, and steady farmer selling continued during the nearly complete Canadian harvest.
Weaker vegetable oil complex and heavy harvest selling push canola and its meal prices lower, while crude weakness reduces biofuel-linked support.
Not 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.
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.