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ICE Canadian canola futures jumped to a fresh record high on Monday, driven by short-covering and firm export and domestic crushing demand. The May contract gained C$17.70 to C$753.20 per tonne while the March contract hit a nearby record of C$803.50.
Tight old-crop canola supplies and strong crush and export demand support higher canola prices, with soyoil strength adding to the rally and feeding into meal values.
brecorder.comReutersFeb 24, 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.
