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ICE canola futures recovered from early losses on December 6 to close higher, helped by strength in CBOT soyoil. Canola supply remained tight after Statistics Canada cut its production estimates.
Some traders argued the market was overpriced, and soymeal weakened.
Tight canola supplies and firm soyoil support oilseed values, though resistance near current price levels limits upside.
ukragroconsult.comDec 7, 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.
