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ICE canola rallied on Monday, March 22, with new-crop months lagging as buyers backed away at high prices. Soyoil posted a limit-up move while soymeal fell sharply, and traders positioned ahead of the USDA planting intentions report due March 31.
Strength in soyoil and vegetable oils supports canola and soybean values, while expected increases in US soybean and corn acres could pressure prices once the USDA report is released.
ukragroconsult.comMar 23, 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.
