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ICE canola's July contract opened at $524.10 a tonne, at the low end of its range since mid-March, with technical support holding prices. Analysts expect trade tensions and weather to drive volatility this summer, with possible old-crop liquidation pressure between late May and late June.
Chinese demand could support prices while the US and China remain in a tariff dispute.
Trade and weather uncertainty raise volatility in canola and its meal, with the timing of farmer selling and speculative liquidation a key price risk for feed buyers.
grainews.caGFM Network NewsJun 7, 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.
