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ICE canola futures closed lower on December 14 as Chicago soyoil fell sharply, while soybeans and soymeal rose. Malaysian palm oil and European rapeseed also slipped.
Canola had some support from tight supplies and the need to ration demand.
Weaker soyoil and palm values pull canola lower, while firm soymeal supports the protein side of the feed complex.
ukragroconsult.comDec 15, 2021Not 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.
