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ICE canola fell on Thursday as losses in Chicago soyoil spilled over, with speculative profit-taking adding pressure. Weak US soybean export sales and a stronger US dollar also weighed, while the IGC forecast a 22 million tonne rise in world soybean output for 2021/22.
Weaker vegetable oil prices and a larger projected world soybean crop add downside pressure on soybean meal and canola meal, though tight old-crop canola supplies limit losses.
ukragroconsult.comMar 26, 2021Not 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.
Chicago soyoil losses with speculative profit-taking, weak US soy export sales and a stronger dollar added pressure.
