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Canola futures on the Winnipeg exchange reached a record of about 1000 CAD/t before easing, while Paris rapeseed futures set a record of 700 EUR/t and then fell. Palm oil December futures hit a record of 5,071 ringgit/t before falling to 4,929 ringgit/t as Malaysian exports slowed.
Canadian canola processing and exports rose in September and October.
Higher oil prices have raised biofuel feedstock costs, but softer palm exports and lower crude prices are beginning to ease vegetable oil values. Canola's supply tightness from the Canadian drought still supports prices.
ukragroconsult.comOct 29, 2021Not enough comparable past events yet for a historical read.
Not 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.
