Dry Weather Supports Palm Oil

[errolanderson]

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 . . . .

[Braveheart]

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.

[farming101]

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.

[seabass]

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.