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Alberta canola producers report high prices and a low expected carry-out for 2021. They are pushing for higher biofuel blending requirements and hoping China eases its restrictions on Canadian canola.
A low carry-out and possible biofuel demand support canola and meal prices, while a Chinese reopening would add further demand.
reddeeradvocate.comPaul CowleyFeb 20, 2021Not enough comparable past events yet for a historical read.
After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
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.
