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SaskCanola's weekly outlook notes soybeans were lower for the week before recovering, with the soy/corn ratio dropping to 2.2536. It cites a larger-than-estimated 2021/22 Canadian canola crop, drought in China's main rapeseed area, and dry EU conditions that could cut rapeseed yields.
Expected Chinese buying and possible EU rapeseed yield losses support canola and soyoil demand, while cheaper Malaysian palm oil and US harvest pressure weigh on soyoil.
saskcanola.comWritten By SaskOilseedsAug 22, 2022Not 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.
