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Canola futures have fallen through autumn, pressured by weak vegetable oil and crude oil prices and a Statistics Canada estimate that raised production to 18.3 million tonnes. Canadian canola exports to week 17 trailed last year while domestic use rose.
Canola's value is heavily tied to oil content, so weaker soyoil and crude prices pull canola down; larger Canadian supply adds further bearish pressure on canola and related meal.
producer.comD'Arce McMillanDec 14, 2023Not enough comparable past events yet for a historical read.
Not 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.
