ICE canola January futures lost a net 20 cents during the week ended Wednesday, closing at C$785.70 per tonne. Speculative funds increased their liquidation of long positions, and traders are awaiting the US midterm election and a December Statistics Canada production report.
Heavy canola harvest supplies and fund liquidation weigh on canola meal and oil prices, while renewed Middle East tensions could lift crude and vegetable oil values.
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.