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Canola futures on the Winnipeg Commodity Exchange closed at a record C$908.70 per tonne, up from C$463.20 a year earlier. Dry weather in Canada and Ukraine, the two top canola exporters, is threatening crops.
Weather threats to the two largest exporters are driving record canola prices, raising feed costs for meal buyers and supporting palm and vegetable oil markets.
forbes.comSal GilbertieApr 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.
