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ICE canola futures climbed on Wednesday with support from stronger Chicago soybeans and soymeal, partly offset by weaker soyoil and palm oil. Trade concern centred on Canadian canola exports falling well short of the projected 9.3 million tonnes after production cuts, while Australia posted a record harvest.
Expected tighter Canadian export supplies support canola meal prices, though Australia's record crop limits the upside for feed buyers.
ukragroconsult.comDec 9, 2022Not 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.
