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ICE canola contracts were volatile in the week ended Oct. 18, with November rising to $725.80/t on Monday before closing at $711.70.
An analyst blamed trader manipulation rather than fundamentals and expected a low to be in place with soyoil tightening.
Soyoil tightening from record biofuel use could lift canola through crush-margin linkages, though the moves were driven largely by speculative flows.
grainews.caGFM Network NewsOct 19, 2023Not 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.
