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ICE canola futures closed stronger despite ongoing concerns that China-Canada tensions are curbing exports. Canadian Grain Commission data showed canola exports at 4.628 million tonnes, below last year's 5.057 million.
Soybean, oil and meal contracts on CBOT also firmed, and China reportedly offered a six-year boost in US imports.
Lower Canadian export pace signals weaker external demand for canola, but support from the soy complex and US-China deal hopes limit downside for canola and meal prices.
producer.comAshley RobinsonJan 18, 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.
