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A Commodity News Service Canada analyst says ICE canola futures face strong chart resistance at C$530-540 per tonne. Large South American crops and expected larger US soybean and Canadian canola acreage are cited as headwinds that limit upside.
Heavy South American soybean supply and expected acreage gains weigh on oilseed complex prices, pointing to limited near-term upside for canola meal and soy products.
agcanada.comAGCanadaFeb 15, 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.
