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ICE March canola settled at C$650.20 per tonne on January 28, up about C$50 from December lows. An analyst sees potential upside to C$660 and C$670 while noting that geopolitics, tariffs and US biofuel policy could reverse prices.
Technical momentum and China's return to the market support canola prices, but the outlook depends on outside catalysts such as tariffs and US biofuel policy. Feed buyers should watch these risks.
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.