ICE Canadian canola futures fell for a third consecutive week through November 6, with the January contract down 4.5% and at a four-month low. The report says lower imported-seed costs could weigh on Chinese rapeseed meal and rapeseed oil, though their January futures had mixed weekly moves.
Cheaper Canadian canola reduces the cost support for imported seed and its crush products, putting downward pressure on Chinese rapeseed meal and oil prices.
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.