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Analyst Mike Jubinville says Canadian canola prices, already at record levels, could rise further. European rapeseed trades about $100 per tonne above Canadian canola, versus a usual gap of $40 to $80.
Old crop ending stocks may fall to 1.1 million tonnes.
Tight old-crop canola supplies and a wide premium over European rapeseed support canola and canola meal prices, with new-crop values also rising.
cjwwradio.comNeil BillingerMar 21, 2022Not 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.
