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ICE canola futures closed higher on March 17 with double-digit gains in old-crop months, following a spike in global crude oil prices that lifted edible oils. Chicago soybeans and soyoil also advanced, while Malaysian palm oil and Chicago soymeal fell.
Canadian Pacific Rail was threatening a lockout that Sunday.
Crude-driven strength in vegetable oils supports oilseed values, while the looming rail lockout threatens canola and grain movement, tightening nearby supplies.
ukragroconsult.comMar 18, 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.
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.
