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Canola futures on ICE finished lower on Monday but recovered from larger early losses. Pressure came from weaker European rapeseed, partly offset by small gains in Malaysian palm oil and higher crude oil.
Alberta and the eastern Prairies had mixed weather, and CBOT was closed for Memorial Day.
Canola is trading on tight old-crop supplies and firm vegetable oil support from crude, which limits downside. Mixed Prairie weather adds uncertainty to the new crop, supporting values for oilseed meal and feed buyers.
ukragroconsult.comMay 31, 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.
