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Canola industry leader Jim Everson argues that research is needed to meet strong global demand for canola. He cites growing demand for healthy oils, aquaculture and human protein uses, and renewable fuel mandates in Canada and the US, while noting the ongoing China trade disruption.
Expanding renewable fuel mandates could add durable demand for canola oil, supporting canola and vegetable oil prices over the long run.
canoladigest.caJim EversonFeb 17, 2022Not enough comparable past events yet for a historical read.
After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
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.
