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Canola values in Australia were about A$329 per tonne lower year-on-year after steep declines in March, with the month's drop at A$62 per tonne. Analysts attributed the fall to large Brazilian soybean supplies, a strong EU rapeseed crop outlook and recovering Ukrainian seed access.
Expanding South American oilseed supply and a strong EU rapeseed crop are bearish for global oilseed prices and the cost of oilseed meal inputs.
farmweekly.com.auJasmine PeartApr 17, 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.
