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The weekly SaskCanola outlook notes soybean meal at a five-month low, soybeans falling, and fund selling in soybeans. It highlights cheaper South American offers over US soybeans and China's canola purchases, with the upcoming WASDE report a key focus.
Cheaper South American supplies and weak meal prices point to soft soymeal and soybean values, while Canadian canola sales are being held back as old-crop stocks are sold out.
saskcanola.comWritten By SaskOilseedsMay 8, 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.
