Loading…
ICE canola traded in a wide range over the week, with analyst Ken Ball saying soyoil is the wildcard. He cited tightening US soyoil stocks, lower vegetable oil yields, stable biofuel policy and proposed tariffs on Argentine and Indonesian biodiesel.
Expected US biodiesel demand for soyoil would tighten supplies and could lift canola if soyoil strengthens, while palm oil weakness limits upside.
grainews.caGFM Network NewsNov 16, 2017Not 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.
