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ICE canola contracts posted losses in the week ended June 14, with the November contract falling C$7.80 to C$489.60. Rains across Manitoba and eastern Saskatchewan and a firmer Canadian dollar weighed on prices, while funds were net short.
Improved moisture reduces weather risk premium in canola, and a stronger loonie makes Canadian canola costlier for export buyers, pressuring prices lower unless dry weather returns.
manitobacooperator.caDave Sims, GFM Network NewsJun 14, 2017Not 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.
