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ICE January 2020 canola futures fell during the week ended Wednesday, settling at C$462.40 per tonne after a session low of C$457.10. Analysts see the market rangebound with downside risk toward C$455 and C$447 support, while a possible US-China trade deal offers limited support via soybean spillover.
Lower futures and limited expected Chinese buying point to weaker canola prices, while domestic crusher margins may support local basis bids.
farmtario.comPhil Franz-WarkentinOct 23, 2019Not 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.
