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November 2019 canola broke trendline support on 25 and 26 February, losing $7.70 per tonne as speculative selling pushed the contract below its prior trading range. Analysts see the next support near $471.80 to $473.70 per tonne.
Lower new-crop canola futures reflect weakness across oilseeds and vegetable oils, which can pull down canola meal prices for feed buyers.
dtnpf.comCliff JamiesonFeb 26, 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.
