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ICE canola futures fell on Wednesday as rain in the next week's Prairie forecast eased dryness concerns. The moisture is expected to ease drought stress across the Prairies.
Improved Prairie moisture reduces weather risk premium in canola, pressuring canola meal prices in the near term.
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.