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ICE canola futures have been trading in a sideways range, with analysts pegging support near C$485-490 per tonne in the nearby March contract. Argentina weather concerns have supported CBOT soybeans and soymeal, with some spillover into canola.
Argentine supply worries lift soymeal, which tends to pull canola meal and oil prices in the same direction. Canola is holding in a range with no clear breakout signal.
grainews.caGFM Network NewsJan 31, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
