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ICE November 2023 canola is trading just below C$800 per tonne as the harvest approaches. Analysts expect the Canadian crop to be 16.5-19 million tonnes, with one leaning toward 17.5 million, below the government estimate of 18.8 million.
Harvest pressure is likely to bring volatility, but strong vegetable oil markets and wide crush margins limit downside, so price direction is unclear.
agcanada.comAGCanadaAug 16, 2023Not 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.
