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Canola futures rose to their highest level in nearly two years at the end of July despite continued trade tensions with China. Analysts say back-door access to the Chinese market is supporting prices, and Canadian canola seed exports to China are running at about 30 percent of normal levels.
Strong futures and tight Chinese-bound flows support canola-based feed ingredients, and analysts expect further upside as Canadian supply is redirected.
supplypro.caMichael PowerAug 12, 2020Not 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.
