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Canada exported more canola in the 2019-20 crop year than the prior year despite a roughly 50% drop in shipments to China. Sales to Europe and the United Arab Emirates have offset the loss.
Diversified canola demand supports Canadian canola meal and oil prices, though lost Chinese demand still caps upside for canola complex values.
tridge.comRajjun SahotaJul 29, 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.
