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Agriculture and Agri-Food Canada raised its canola price projection for the current crop year by $20 per tonne and for the new crop by $30 per tonne, on top of a $60 increase in April. Mustard acreage is reported down by half, lifting its projected price, while Canary seed prices were cut.
Higher official canola price forecasts signal firmer canola values, supporting canola meal costs for feed buyers.
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.