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Country Guide reports ICE November canola futures hit near two-year highs in the week ended September 2, 2020. Analysts expect limited further upside as harvest advances and yield uncertainty from August heat and dryness persists.
Statistics Canada pegged the 2020-21 canola crop at 19.4 million tonnes and raised the 2019-20 estimate.
Canola prices are supported by a smaller-than-expected crop and firm soy complex, but harvest pressure and uncertain yields limit further gains. Canola meal supply expectations shape feed pricing.
cwf.caSep 8, 2020Not 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.
