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ICE Canadian canola futures rebounded on January 21 after a three-day slide, rising with palm and soyoil. March canola gained C$8.60 to C$657 per tonne, while US soybeans slipped as South American rains eased supply worries.
Canola regained ground alongside rival vegetable oils, but the lagging gain signals limited upside in the near term. Rain in South America reduces support for soymeal prices.
brecorder.comReutersJan 22, 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.
