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MarketsFarm analyst Mike Jubinville expects canola futures to retest about $700 per tonne as Statistics Canada's 2022-23 crop of 18.1 million tonnes is likely revised higher. Record Australian canola exports are also undercutting Canadian canola in the EU market.
Larger supplies and aggressive Australian competition point to lower canola and rapeseed prices, pressuring canola meal values for feed buyers.
producer.comSean PrattApr 10, 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.
