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ICE rapeseed futures closed lower on January 20 after US soybeans and soymeal fell, along with European rapeseed and Malaysian palm oil. Nearby March canola was down about C$15.80 to C$648.40 per tonne, though CBOT soyoil rose sharply.
Lower soymeal and rival oilseed prices weighed on canola, but tight inventories limit downside. Feed buyers see modest short-term relief in canola meal costs.
chinagrainmachine.comJan 21, 2021Not enough comparable past events yet for a historical read.
Not 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.
