Loading…
ICE Canadian canola futures rose on Wednesday, with November gaining C$1.40 to C$485.40 per tonne, as soyoil prices rallied. Traders said spreaders were selling canola and buying soyoil, which limited canola's gains, and a stronger Canadian dollar added pressure.
Canola's gains were capped by spread selling and currency strength, so the price move is modest and mainly tied to soyoil, leaving the meal outlook largely unchanged for feed buyers.
brecorder.comReutersAug 13, 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.
