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July soybeans, soybean oil and soymeal futures came under pressure in both old-crop and new-crop positions during the week of April 21. In contrast, November canola rose C$6.60 per tonne, and Prairie canola basis strengthened in most regions since January 1.
Weakness in US soy complex futures reduces the price of soy-based feed inputs. Firmer canola basis supports Canadian oilseed crush demand.
dtnpf.comCliff JamiesonApr 21, 2023Not 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.
