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Canola prices hover around C$1,000 per tonne, with IntelliFARM's Brian Voth attributing the strength to a very small Canadian crop and heavy Chinese buying over the past six to eight months. He expects low stocks to keep prices elevated and does not expect canola acres to rise in 2022 due to dryness in Saskatchewan and Alberta.
A sharply reduced canola crop and low stocks keep canola meal supplies tight, supporting higher meal prices for feed buyers.
swiftcurrentonline.comNov 30, 2021Not 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.
