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ICE May canola closed at C$818.60/t, down C$13.10 on the week, as it tracked Chicago soybeans lower on Brazilian harvest rains. The May soybean contract lost 2.6% to US$14.9425/bu.
Canola follows soy complex and soymeal weakness from Brazilian supply, which lowers canola meal and crush economics for feed buyers.
grainews.caGFM Network NewsMar 2, 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.
