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ICE Futures Canada canola May contract hit a high of C$530.50 per tonne on March 5 before falling to C$511.50 and settling at C$518.40 on March 14. Analyst David Derwin said cash bids near C$11 per bushel are favourable and recommended producers hedge some new-crop sales.
Volatile futures with cash bids holding near C$11 per bushel signal a firm floor for Canadian canola, and the currency's weakness is also supporting farmgate values.
farmtario.comPhil Franz-WarkentinMar 14, 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.
