Loading…
ICE canola futures have risen, but canola is cheaper to end-users than its product values because crush margins widened to about $90 over futures from $65 a month earlier. Gains were driven by stronger CBOT soymeal and a weaker Canadian dollar.
Analysts warn that weak exports could leave canola carryout above two million tonnes.
Improved crush margins and strong soymeal support canola meal and canola values. Weak exports and heavy carryout still cap the upside.
farmtario.comPhil Franz-WarkentinFeb 28, 2018
grainews.caGFM Network NewsFeb 28, 2018Not enough comparable past events yet for a historical read.
Not 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.
