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An analyst says Canadian canola prices will follow the traditional relationship with soybeans now that the 2022 crop is normal, making Brazil's soybean crop the key driver. He flags December 2022 to January 2023 as the critical flowering and podding window for Brazilian beans.
Weather risk in Brazil during the flowering window could lift soybean and canola prices, making it a key period for buyers to watch for feed input costs.
producer.comSean PrattOct 13, 2022Not enough comparable past events yet for a historical read.
After 1,079 past bullish weather events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.0%), and +0.9% over 20.
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.
