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StoneX reports November canola broke below $700 and then $680 support as harvest yields beat expectations. Cattle futures fell limit down after a bearish Cattle on Feed report, and US corn and soybean harvests were 59% and 76% complete.
Heavier-than-expected canola supply and weak demand point to lower oilseed meal prices, while the cattle selloff signals softer feeder and live cattle values.
stonex.comStoneX Grains Team- CanadaOct 24, 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.
