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ICE canola futures traded mixed on October 26 in early Monday trade, with November near C$526.50 per tonne. Canadian harvest was nearly complete, with Alberta at 99% and canola 98% harvested province-wide.
Nearby soyoil gains provided modest support, while a Canadian dollar below 76 US cents limited losses.
Near-complete harvest reduces farmer selling pressure, but a firm soyoil complex and currency moves are keeping canola steady. The daily move is small, so price direction is largely neutral.
marketsfarm.comfbcadminb3bnw5Oct 26, 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.
