RE:whats with these continued derivative losses????That seems like an easy question. They locked in 50% hedging of canola when the price was a lot higher. Then they didn't consume enough of it when the start up was delayed.
I am pretty sure they don't mind the low price now. Good problem to have?
Paper loss anyway. I pay more attention to the August refinancing.
Seems someone knows something?
https://tradingeconomics.com/commodity/canola