Loading…
ICE canola futures fell on Wednesday as long investors took profits after prices hit record highs. The most-active May contract dropped $10.60 to C$765.20 per tonne after the March contract touched a record nearby high of C$852.10 earlier in the session.
Thin open interest and high prices are choking demand and encouraging farmers to plant more canola this spring, which could cap upside in canola and support a supply rebound later in the year.
ca.investing.comFeb 24, 2021Not 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.
