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Dry Weather Supports Palm Oil

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  • errolanderson
    Senior Member
    • Jan 2012
    • 3148
    #1

    Dry Weather Supports Palm Oil

    El Nino appears having an impact on palm oil production which has triggered buying support for soyoil.

    This appears to be giving canola buyer support offsetting the impact of a strengthening Cdn dollar.

    Friday at 10 MDT release is USDA day . . . .
    Tags: None
    • Braveheart
      Senior Member
      • Feb 2001
      • 3257
      #2
      Doesn't El Niño affect South American weather adversely as well? What's going on there? It will be planting season soon. A run up in soy prices would encourage even more South American plantings of beans.

        Comment

        • farming101
          Senior Member
          • Mar 2011
          • 3955
          #3
          Support for canola, yes. But it seems that there are many factors that will cap canola cash price increases at the farm level.
          Huge canola deliveries into the system being the main one.

            Comment

            • seabass
              Senior Member
              • Dec 2005
              • 825
              #4
              Got a text today from one company and the price of Nov 16 canola is the same as today. Just wondering if there fishing already.

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