Loading…
ICE Futures Canada canola contracts traded around C$520 per tonne in the week ended March 21, 2018. An RBC analyst said the market could move sharply once the future of NAFTA is clarified, with the Canadian dollar strengthening on hopes of a better auto parts arrangement.
Canola prices hinge on currency moves and trade policy, and a NAFTA resolution or change to US biodiesel blending rates could shift canola and meal values.
manitobacooperator.caDave Sims, GFM Network NewsMar 21, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 81 past neutral trade events, SBO moved a median +0.3% over 5 sessions (56% higher; middle half -1.6% to +1.8%), 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.
