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ICE canola has lost about 5% since late September, tracking soybeans rather than Canadian balance sheets. Saskatchewan basis weakened to 76 CAD/t under futures, and canola's discount to Euronext rapeseed widened from 38 to 55 $/t as harvest selling intensified.
Heavy harvest selling and a wider discount to rapeseed point to cheaper canola meal and oil, supporting lower feed protein costs.
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.