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ICE canola contracts closed mostly lower on June 27 in new-crop months, with the November contract down 1.80 C$/tonne. A rise in the Canadian dollar triggered a sell-off, and the market then stabilized with limited direction.
A stronger Canadian dollar makes Canadian canola more expensive for export buyers, which weighs on canola meal prices and export competitiveness.
marketsfarm.comGlen HallickJun 27, 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.
