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ICE Canadian canola futures dipped on Friday after retreating from near-record highs set earlier in the week. Exporters finished buying March canola to price sales, while Canadian farmers continued to slow deliveries.
Thin supplies as farmers hold back deliveries keep canola tight and prices elevated, and a pullback driven by exporter buying is a routine pause rather than a change in fundamentals.
brecorder.comReutersFeb 1, 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.
