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ICE canola futures closed higher on April 26, with the May contract reaching C$900 per tonne, a new contract high. Traders positioned ahead of Statistics Canada planting projections, with expectations ranging from 21.5 to 23.2 million acres.
Dry Prairie conditions and strong soyoil and soybean gains are lifting canola prices, and the planting data could shift the new-crop outlook.
ukragroconsult.comApr 27, 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.
