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Canola futures fell when China's reinstatement of two Canadian exporters was announced, showing a muted market response. Analysts said canola remains expensive and crush margins only recently recovered to workable levels.
Analysts expect the development to support prices for the 2022-23 crop year.
Expensive canola has held back crushing and demand, so the China news did not spark a rally. Better crush margins could support meal supplies later.
producer.comSean PrattMay 26, 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.
