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Grain markets mostly closed lower the week of October 19 as harvest pace picked up, though canola and oats finished the week higher on Friday. The January 2019 canola contract settled at $502.50, and about 8.5 MMT of the Canadian canola crop remained to be harvested.
Remaining harvest volume and Canadian exports running about 16% behind last year weigh on canola, a key protein meal source, while historical November rallies offer some support.
realagriculture.comBrennan TurnerOct 19, 2018Not 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.
