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Mercantile Consulting's June 5 market outlook said funds were positioned short in futures and expected a slow June. It noted record Brazilian soybean shipments, weak Chinese crush margins with cancellations of oilseed purchases, and canola visible stocks at 702,000 tonnes.
Heavy Brazilian soybean supply and weak Chinese crush margins weigh on soybean products, while tight canola stocks could force crush plants to slow if deliveries lag, supporting canola meal in the near term.
mercantileventure.comMarlene BoerschJun 5, 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.
