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Analysts said Canadian canola supplies could be tight, with crushers running about 15 percent ahead of last year and strong export demand. The July-November futures spread of $25 suggests commercial traders expect a shortfall.
Strong crush demand and a tight canola balance sheet support canola and canola meal prices, especially with a steep futures spread signaling near-term scarcity.
realagriculture.comKelvin HeppnerDec 2, 2016Not 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.
