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Canola rose about 3% while soybeans and Brent crude gained and wheat eased, with Chicago December wheat down 7.25c to 543.5c/bu. Argentina elected Javier Milei, who promises deep reform, and World Weather reported mixed rainfall in Brazil with little change expected for key crop areas.
Brazil rainfall expectations weigh on soybean and meal support, while wheat weakness reflects ample global supply and a firmer Australian dollar.
graincentral.comGuest AuthorNov 20, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Same-day report of canola rising about 3% alongside soybeans and crude oil points to oilseed complex strength that likely pulled canola meal higher, though it describes canola rather than meal directly.
