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ICE canola futures rose on June 18 as unfavorable weather in Western Canada, including drought in some areas and excess rain in others, raised concerns about crop damage. Farmers were reported holding stocks while focused on fieldwork.
Most-active November canola gained C$1 to C$475.90 per tonne.
Weather risk to Canadian canola and farmer stock holding support prices, which raises the cost of canola meal for feed buyers.
brecorder.comReutersJun 20, 2020Not 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.
