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ICE Futures Canada canola contracts traded within a narrow $5 range over the past week without significant fundamental news. An analyst expects a rally in late 2017 or early 2018, and sees prices trading above $500 in November futures by end of October if they hold near current levels.
Watched factors include the Canadian dollar, the US soybean harvest and Brazilian weather.
A flat market with no new supply or demand catalyst suggests prices will hold near current levels until a fresh driver emerges. Canola is not in the symbol list, so no commodity direction is assigned.
agcanada.comAGCanadaOct 4, 2017Not 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.
