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Canadian canola prices surged to a 13-year high, with farm-gate prices near $16 a bushel versus about $10 a year earlier. Canada's canola exports are up roughly 33% year to date, and Chinese stockpiling is cited as a key driver.
Strong Chinese and global import demand combined with tight Canadian supplies pushes oilseed and meal prices higher, raising feed input costs.
calgaryherald.comAmanda StephensonFeb 4, 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.
