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Canola prices in Australia and Europe have risen about 20 percent since March on tight supply and a rally in vegetable oil markets. Multi-month highs were also seen in China and Canada, and buyers remain reluctant to switch to cheaper soybeans.
Limited supply until Northern Hemisphere harvests mid-2025 and strong vegetable oil prices support further canola gains, which feeds into higher canola meal costs for feed buyers.
producer.comadminDec 4, 2024Not 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.
