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ICE canola prices are tracking CBOT soybeans higher ahead of the G20 meeting between Xi and Trump, with soyoil rallying but palm oil lagging. The Canadian dollar has weakened, supporting canola contracts, and Statistics Canada's crop production report is due the following week.
Canola follows soybean and soyoil moves on trade hopes, so any collapse in US-China talks would likely pull canola and vegetable oil prices back down.
farmtario.comAshley RobinsonNov 28, 2018Not 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.
