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ICE canola futures fell sharply on March 26-27 before recovering. A MarketsFarm analyst expects Prairie cash prices to return to C$14 per bushel and possibly reach C$15, citing China's purchases and full crush capacity.
Chinese buying and firm crush demand support canola prices, but farmer selling and possible ending-stock increases limit the upside.
farmtario.comGlen HallickMar 27, 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.
