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November canola futures fell about C$200 per tonne in ten days, a drop the adviser Ken Ball called unprecedented in speed. Good Prairie crop conditions, liquidation of long positions across commodities, rising rates and war-related unease drove the decline.
The steep selloff has made canola cheap relative to crush margins, which may draw commercial buying and limit further downside. Lower canola values reduce input costs for canola meal used in feed rations.
ukragroconsult.comJun 24, 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.
