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MarketsFarm posted ICE Canola Board Margin Index values for December 10, 2019, with the January 2020 contract at C$106.96 per tonne, up from C$105.56 the prior day. The index is a formula based on soybean oil and soybean meal futures minus canola futures, weighted 40% oil and 60% meal.
Crush margins near C$100-107 per tonne signal strong processing incentive, which supports canola seed demand and meal output. Routine index postings reflect existing conditions rather than a new driver.
marketsfarm.comGlen HallickDec 10, 2019Not 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.
