Canola in Canada still a big premium to soybeans in the US.
Soybean futures price today converted to CAD/tonne works out to $531. While canola is $121/tonne higher. Obviously not apples to apples, with depressed meal prices and strong oil prices. But I seem to recall occasions where Canola was worth less than soybeans in the same currency. Feel free to correct me if that is incorrect.
Soybean futures price today converted to CAD/tonne works out to $531. While canola is $121/tonne higher. Obviously not apples to apples, with depressed meal prices and strong oil prices. But I seem to recall occasions where Canola was worth less than soybeans in the same currency. Feel free to correct me if that is incorrect.
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