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Canola futures on ICE have rallied through October to new highs, spurred by strong demand, spread unwinding and the spillover from a sharp soy complex jump after USDA's late-September stock reports. Canadian canola exports are running nearly 50% above last year.
Rising canola futures and strong export demand raise the cost of canola meal for feed buyers, and a reversal after harvest pressure fades would be a key risk.
agcanada.comAGCanadaOct 21, 2020
grainews.caGFM Network NewsOct 21, 2020Not enough comparable past events yet for a historical read.
Not 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.
