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ICE canola futures were mixed as gains in Chicago soyoil and Malaysian palm oil offset losses in European rapeseed and Chicago soybeans and meal. Tight supplies and uncertainty over the Prairie harvest continued to support canola, and the USDA reported a private sale of 161,000 tonnes of soybeans.
Limited canola supply keeps canola meal expensive relative to other protein sources, which pushes feed buyers toward soymeal substitutes. Day-to-day moves reflect routine trading rather than a new supply shock.
ukragroconsult.comNov 17, 2021ukragroconsult.comNov 19, 2021Not 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.
