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New-crop canola basis for November delivery has held steady across the Prairies while November futures continue to rise ahead of Statistics Canada's seeded acreage report on April 26. Basis in northern Alberta and eastern Manitoba sits near the strongest levels reported so far.
Steady basis with rising futures indicates firm canola demand and supports farm-gate canola prices into the seeding season.
dtnpf.comCliff JamiesonApr 22, 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.
