GFM Network News

Canola futures see downward price action

WILD CARD There’s lots of potential for markets to move either up or 
down based on what happens with weather, currency and seeded acres

Canola futures on the ICE Canada platform experienced some weakness during the week ended Nov. 9 with the bearishly construed USDA supply-demand balance tables for soybeans encouraging some of the downward price action. A larger-than-anticipated U.S. soyoil ending stocks estimate from the USDA added to the bearish sentiment in canola. The unloading of positions by […] Read more