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Analyst Wayne Palmer said canola prices are likely to erode further as Prairie crop conditions are good, after a sharp sell-off caught farmers off guard. August soyoil closed at 59 cents per pound and November canola near C$830 per tonne.
Benign weather and weaker soyoil point to lower canola and oilseed meal values, with export demand from China the key uncertainty.
grainews.caGFM Network NewsJul 14, 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.
