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ICE canola futures finished mixed on December 22, with profit-taking in nearby old-crop months after the March contract hit a contract high of C$1,020.50 per tonne. CBOT soybeans rose on dryness concerns in Argentina and southern Brazil.
Dry weather in South America supports soybean complex prices, while canola traders see the rally as overvalued and vulnerable to profit-taking.
ukragroconsult.comDec 23, 2021Not 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.
