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Canola futures on ICE fell sharply on April 30 and recovered about half the losses in early May. Analysts say weak Chinese, Japanese and Mexican buying leaves little chance of a bullish turn.
Weak export demand from key buyers keeps canola meal and oil values under pressure, with limited price support until crop development shows up.
farmtario.comGlen HallickMay 1, 2024Not 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.
