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Canola crush margins on ICE Futures Canada fell to about $86 over the March contract, their lowest level in 10 months, down from roughly $126 a month earlier. Palm oil prices hit three-month lows on rising output reports, and Chicago soyoil reached four-month lows.
Canola futures fell less, supported by tightening supplies and chart signals.
Lower crush margins reduce the incentive to crush canola, which can cut meal output and weigh on meal prices, while weaker vegetable oil values pressure oil prices.
farmtario.comPhil Franz-WarkentinFeb 17, 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.
