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ICE canola futures traded lower on August 27 after pressure from weaker Chicago soybeans and soyoil, European rapeseed and Malaysian palm oil. Canola crush margins were steady at C$256 to C$264 per tonne over futures, and Manitoba's harvest was 5% complete.
Broad weakness in vegetable oils is weighing on canola, and favourable harvest weather points to growing near-term supply that could limit oilseed meal support.
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.