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ICE canola futures closed lower on Thursday after giving up early gains, pressured by sharp losses in Malaysian palm oil and modest declines in the Chicago soy complex. Statistics Canada reported January canola crush of 1.01 million tonnes, up nearly 8% year on year, and deliveries of 2.17 million tonnes, up 37%.
Weaker vegetable oil values and tariff-driven uncertainty pressure canola and soy product prices, while strong crush and deliveries signal solid Canadian supply moving to processors. Buyers of canola meal should expect soft pricing near term unless vegetable oil values recover.
producer.comFeb 27, 2025Not 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.
