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Canadian canola prices have traded above $700 a tonne, up more than 15% year to date, the highest since 2008. Farmers have sold much of their crop early, with one Alberta grower estimating 90% sold.
Tight farm-gate canola supply and strong prices encourage larger spring plantings, which could ease supply later but support oilseed and meal values near term.
theglobeandmail.comMatthew McClearnFeb 15, 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.
