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ICE canola contracts corrected modestly but the longer-term trend remains lower due to large old-crop supplies and uncertain exports. Analysts say the market was already bearish before the China dispute, citing South American harvest pressure and large US soybean supplies.
Heavy old-crop stocks and weak export outlook keep canola and related meal under downward pressure, with a China deal providing only limited upside.
grainews.caGFM Network NewsApr 3, 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.
