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Northern Canola Growers asked North Dakota's congressional delegation to include canola growers in the $12 billion aid package tied to retaliatory tariffs. The group says canola prices are tied to soybeans and have fallen, even though canola itself has not been tariffed.
Canola prices falling in sympathy with soybeans indicates weaker canola meal and seed values, though the impact is regional and not a direct supply or demand shift.
rrfn.comCarah HartAug 8, 2018Not enough comparable past events yet for a historical read.
After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
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.
