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Canola futures on ICE traded in a narrow range during the week ended Sept. 21, near 485 dollars per tonne for November, pressured by trade disputes, weather, soybean losses and harvest selling.
Statistics Canada's satellite-based estimate put production at 21 million tonnes, above its earlier survey-based 19.2 million tonne figure.
A larger Canadian crop and steady farmer selling with weak crush margins point to limited upside for canola and canola meal prices until harvest results are clearer.
manitobacooperator.caDave SimsSep 27, 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.
