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ICE November canola fell C$11.40 to C$771.60 per tonne on Wednesday, following a selloff in Chicago soybeans on improved US weather forecasts. Crude oil gains partly offset the declines.
Better US soybean weather reduced risk premiums across the oilseed complex, pressuring canola and related meal prices. Ample canola supplies and harvest pressure add to the downside.
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.