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Canola futures on ICE held most of their gains in the week ended June 19, still about $36 per tonne higher for November. Prices rose after the EPA proposed US biofuel changes, which lifted Chicago soyoil and spilled over into canola.
Analysts expect continued support if Prairie dryness persists.
Soyoil strength from US biofuel policy is lifting vegetable oil prices, including canola. Dryness in the Prairies could add further upside.
manitobacooperator.caNewsEnginJun 21, 2025Not 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.
