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ICE canola futures closed lower on October 31 as Chicago soyoil fell and the Prairie harvest progressed, with Manitoba at 85% and Saskatchewan at 90% complete. Soybean futures were steady to higher after USDA reported 943,600 tonnes of 2019/20 soybean export sales, with China leading shipments.
Harvest pressure and weaker soyoil weigh on canola and canola meal values, while modest export sales give soybeans only limited support.
producer.comGlen HallickOct 31, 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.
