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ICE canola futures rebounded on Friday from two days of declines to hit a bounce, with November canola up C$3.30 to C$486.30 per tonne. Chicago soybean futures fell as tropical storms in the US Gulf raised hopes of Midwest rain, while US soyoil rose.
Canola and soy prices are moving on weather expectations and bargain buying rather than a major new supply shift, so feed meal prices are likely to see only modest direction changes.
brecorder.comReutersAug 24, 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.
