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Canola fell $1.70 per tonne to $508.60 on July 31 as soybeans and soybean meal weakened on forecasts of cooler US Midwest weather. Wheat fell 6 to 9 cents per bushel, with spring wheat the weakest, and USDA data showed worsening US spring wheat conditions.
Cooler weather easing heat worries pressures soybean complex prices, which lowers soybean meal values for feed buyers, while worsening spring wheat ratings limit the downside for wheat.
producer.comEd WhiteJul 31, 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.
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.
