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Manitoba Co-operator's market column explains how inter-month futures spreads signal demand. The November/January canola spread widened sharply in mid-October, moving from a $4/tonne carrying charge on Oct.
16 to $13 two days later.
A widening front-month spread suggests roll-related volatility in November canola and tighter nearby demand, which can support near-term canola prices.
manitobacooperator.caPhil Franz-WarkentinOct 30, 2023Not 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.
