Source: D’Arce McMillan, Producer.com, December 21, 2017
Canola’s value compared to soybeans was fairly strong this fall, but its shine has dulled with recent events, particularly the decline in vegetable oil values.
On Nov. 1, the value of January canola was $11.76 per bushel, while Chicago January soybeans, converted into Canadian dollars were $12.69, meaning canola’s value was about 93 percent of soybeans.
By Dec. 18, canola values had fallen faster than soybeans and were only about 90 percent of the value of soybeans.
