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January canola futures rose CAD 7.70 to CAD 655.20 per tonne on November 17, near late-August highs, after a 6.39% monthly gain. The move followed strong gains in Chicago soy complex, which had a record monthly crush and speculation of Chinese soybean purchases.
Tighter Southern Hemisphere oilseed supply and biofuel-driven demand support canola, soybean and soyoil prices, which supports feed-protein costs.
markets.financialcontent.comMarketMinuteOct 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.
