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ICE November canola futures set a record high of C$550.30 per metric ton on October 21. Traders attributed the rally to spread unwinding and rumors of a poor Russian sunflower crop with possible export quotas on sunflower oil and seed.
Possible Russian sunflower shortfall and export quotas would tighten global vegetable oil and meal supply, supporting sunflower meal and canola meal prices.
rrfn.comCarah HartOct 23, 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.
