Commodities
Canola Futures Stage Comeback as Soy Complex Gains Momentum
Canola futures saw significant gains on Tuesday, September 29, as the market recovered from Monday's losses. According to Phil Franz-Warkentin of the Western Producer Markets Desk, the Chicago soy complex provided support for canola prices. The corn market was mostly lower, while wheat prices were mixed in the US.
The activity in the grain and oilseed markets is largely due to positioning ahead of the quarterly stocks report, which will be released tomorrow. This event has had a significant impact on market trends in recent weeks.