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ICE canola futures recovered from nearby lows in the week ended Sept. 5 but lagged gains in canola products because the commodity remained expensive relative to other oilseeds.
Statistics Canada's 19.2 million tonne production estimate was below the prior year's 21.3 million, and analysts expected the crop to prove larger.
Expectations of a bigger-than-estimated crop cap canola price gains, while higher canola costs versus other oilseeds limit demand for canola meal in feed.
grainews.caGFM Network NewsSep 5, 2018Not 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.
