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ICE canola futures fell sharply on July 26, 2024 on farmer selling, improved US Midwest weather, and expectations of large harvests, with spillover from Chicago soy complex losses. Lower crude oil also weighed on oilseeds and vegetable oils.
Weaker canola and soy complex prices lower the cost of canola meal and oilseed-based feed ingredients, while lower crude removes support for vegetable oil values.
marketsfarm.comMike JubinvilleJul 26, 2024Not 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.
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.
