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Canadian canola harvest progress is lagging, with Saskatchewan at 66% and Alberta at 53.5% harvested by late September. Dry weather is forecast for the prairies over the next 5-7 days, but frost risk rises after early October.
November canola futures in Winnipeg gained about 7.5% over two weeks, helped partly by a weaker Canadian dollar.
Harvest delays raise the risk of reduced quality or volume, supporting canola prices and the oilseed complex. Rising futures and heavy contract trading suggest the market is pricing in weather-driven upside.
ukragroconsult.comSep 30, 2022Not 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.
