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An ProMarket analyst said soybeans and the Canadian dollar will drive canola prices, with CBOT soybeans higher on expectations of US-China trade talks resuming July 29. He projected November canola could reach C$460 per tonne if soybeans rally, or drop toward C$440 with a possible frost premium later in the season.
Soybean strength and currency moves feed directly into canola and meal values, so the outlook points to volatile pricing around the trade talks and the loonie.
producer.comGlen HallickJul 24, 2019Not 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.
