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ICE November canola fell C$10 to C$726.10/tonne over the week ended September 27, hitting a low of C$710 on Tuesday before rebounding. Harvest selling pressured the market, while firm soyoil was expected to support canola.
Canola meal supply is tied to crush margins, and a rebound in soyoil supports crush economics, which can firm canola meal prices for feed buyers.
farmtario.comAdam PeleshatySep 28, 2023
grainews.caGFM Network NewsSep 28, 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.
