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Canola futures fell CAD 31.70 per tonne to CAD 846.80 on July 8 amid broad vegetable oil selling and harvest pressure. Forecasts for Canadian canola output have risen to as high as 19 million tonnes after drought hit the 2021/22 crop.
Larger Canadian and EU rapeseed supplies and a global oilseed output increase point to lower canola and soybean values.
stockjournal.com.auEd Scamps, Cloudbreak Grain MarketingJul 8, 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.
