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ICE January canola futures fell $8.30 to settle at $883.20 per tonne on November 13 amid a strong Canadian dollar and weaker soybean and rapeseed markets. Traders said export sales had already been priced in and farmers sold more above $900 per tonne.
Resistance near $900 and farmer selling into rallies cap canola prices, while a firm loonie reduces Canadian export competitiveness.
brecorder.comReutersNov 12, 2022Not 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.
