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ICE canola futures finished higher on April 16, with the May contract ending the week stronger as tight old-crop supplies lifted values. Gains in Chicago soyoil and European rapeseed supported the rally, and dry Prairie conditions boosted new-crop prices.
Soyoil strength and dry Prairie weather are lifting canola prices, which raises the cost of canola meal in feed rations.
ukragroconsult.comApr 19, 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.
