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ICE March canola futures traded near C$718 per tonne as the market showed signs of a short squeeze, according to an analyst. Prices have been rallying in late January.
A short squeeze can drive rapid price gains in canola and canola meal, raising feed costs for buyers. The move adds to already tight Canadian supplies.
producer.comsaskatoonnewsroomJan 27, 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.
