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Canola prices moved sideways near C$480 per tonne as large trading funds stayed out of the market. Strong wheat basis was attributed to a weak Canadian dollar, and analysts flagged uncertainty over US-China trade talks and African swine fever.
Lack of speculative buying and possible lasting cuts to Chinese soymeal demand keep canola meal and soymeal prices capped, while currency-driven basis strength matters for feed grain costs.
realagriculture.comRealAgriculture News TeamJan 21, 2019Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
