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ICE canola futures posted sharp gains on December 2 as the January contract rolled, with strong support from European rapeseed and the Chicago soy complex. Canadian National Rail reopened its Kamloops to Vancouver line after heavy rains, and the trade expected Statistics Canada to report lower canola and wheat production.
Expected production declines and rail disruptions tighten canola supply, supporting prices and edible oil values.
ukragroconsult.comDec 3, 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.
