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ICE canola futures held in a narrow range in the week to August 10, with the market focused on weather because the crop is about two weeks behind normal across the Prairies. Analysts expected the November contract to trade between C$780 and C$900 per tonne, and farmers are lightly priced after last year's drought.
A late crop leaves the market sensitive to frost or benign weather, and heavier harvest selling could pressure canola meal prices.
agcanada.comAGCanadaAug 11, 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.
