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ICE canola futures fell to their lowest in nearly five months on fund long liquidation and the start of the Canadian harvest. November canola settled down C$9.30 at C$626.40 per tonne, and rival vegetable oils also declined.
Harvest pressure and fund selling push canola lower, and weaker vegetable oil prices reduce the value of soy and palm oil. Lower oilseed values can ease feed fat and meal costs.
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.