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ICE canola futures fell on Friday, ending a six-day winning streak, as investors sold oilseed and grain markets that had rallied the previous day on fears of supply disruption from Ukraine and Russia. Most-active May canola lost 4.8% to C$1,001.20 per tonne, hitting technical support near its 100-day moving average.
The selloff appears driven by speculative liquidation and farmer cash sales rather than a change in supply, so the broader Black Sea risk premium in canola and soy complex remains intact. Buyers should expect continued volatility in oilseed meal costs.
brecorder.comReutersFeb 27, 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.
