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ICE canola futures traded higher on June 29, with the July contract up C$3.90 to C$738 per tonne ahead of Statistics Canada and USDA acreage reports due June 30. Expectations point to higher canola area at the expense of wheat.
Expected acreage gains would add supply later in the year and weigh on canola, though the current move is a routine price update with expiry-related positioning.
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.