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Canadian canola production came in smaller than expected, but a CHS analyst said it would not significantly affect prices. Canola is following soybean oil higher, and demand for canola products is expected to remain solid.
Smaller Canadian supply is largely offset by firm demand and a rallying soy complex, so meal and oil prices are likely to hold steady rather than move sharply.
rrfn.comCarah HartDec 4, 2020Not 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.
