Loading…

The USDA Agricultural Marketing Service's daily report showed conventional canola basis holding steady at some North Dakota and Minnesota locations and declining at others. Delivered prices at Enderlin and West Fargo ranged from about 21 to 23 dollars per hundredweight.
Local basis moves reflect regional crush and terminal demand for canola in the Northern Plains. The changes are small and do not signal a new change in the broader price outlook.
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.