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Canadian canola producers had a difficult 2021 due to historic drought that cut yields and wiped out some crops, compounded by supply chain problems. The Canola Council of Canada says demand for canola remains favourable to the industry.
Reduced 2021 canola output tightens supply, supporting canola meal prices for feed buyers heading into 2022.
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.