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Canola futures traded between C$461 and C$470 midweek after falling over $8 on Monday on coronavirus demand worries. Crush margins stayed strong and the weaker Canadian dollar gave support, while the July-November spread signalled heavy new-crop stocks.
Strong crush margins support meal output, while coronavirus-driven demand fears and high carryout stocks cap canola prices.
grainews.caGFM Network NewsJan 29, 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.
