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Oilseed markets remained firm despite record supplies, with strong demand and rising canola futures. The IGC reported Chicago soybean futures gained about 7% month on month in October, and ICE canola rose up to 10% on Western Canada weather concerns.
Political uncertainty over US-China trade relations may change trade flows.
Firm oilseed prices despite record supply show underlying demand strength, while US-China trade uncertainty could redirect export flows and affect meal and oil values.
world-grain.comChris LyddonDec 7, 2016Not 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.
