Loading…
ICE canola futures continued lower Friday morning as Chicago soybean oil, European rapeseed and Malaysian palm oil weakened overnight. The Canadian dollar also fell after October employment data showed job losses and a higher unemployment rate.
Lower competing-oil prices can pressure canola oil and related meal values, while a weaker Canadian dollar supports export competitiveness and cushions the decline.
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.