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Canola prices are weak due to US tariff threats, possible changes to US biofuel policy, and Chinese countervail concerns. An analyst said canola and soybean oil are undervalued relative to supply and demand.
Market attention is on an upcoming Statistics Canada report.
Tariff risk and biofuel policy uncertainty are weighing on canola values despite fundamentals. Prices could recover if biofuel demand holds.
saskagtoday.comRyan YoungDec 4, 2024Not 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.
