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ICE canola futures closed lower in front months on April 16, with May down 1.70 to C$457.70 per tonne. Chicago soyoil declines weighed on values, while a slightly weaker Canadian dollar offered some support.
Statistics Canada postponed its planned April 24 crop area report.
Lower soyoil and a postponed acreage report leave canola trading on soft oil-complex signals, with fewer expected Canadian canola acres adding some support.
marketsfarm.comPhil Franz-WarkentinApr 16, 2020Not enough comparable past events yet for a historical read.
Not 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.
