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ICE canola futures finished stronger after Tuesday's losses. Demand for canola remains soft amid China-Canada tensions, while cold Prairie weather may slow farmer deliveries.
CBOT soybean complex was mixed after USTR Lighthizer said there was no significant progress in US-China talks.
Slower farmer deliveries from cold weather tighten near-term canola supply, while soft export demand from China limits upside for canola prices.
producer.comAshley RobinsonJan 16, 2019Not enough comparable past events yet for a historical read.
After 324 past neutral weather events, Soybeans moved a median +0.0% over 5 sessions (52% higher; middle half -1.4% to +1.7%), and +0.7% over 20.
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.
