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The Canadian canola market fell more than C$111 per tonne in the week to June 23, mirroring declines in palm and soybean oil. Palm and soyoil markets in Malaysia and Indonesia dropped sharply as export supplies built, and energy weakness also weighed.
Vegetable oil weakness is dragging canola lower, which pressures canola meal values used in feed. Buyers can expect softer oilseed meal pricing while palm and soy oil remain under pressure.
rrfn.comCarah HartJun 23, 2022Not enough comparable past events yet for a historical read.
Not 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.
