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US consumers are eating at home more because of COVID-19, which reduces canola oil use in restaurants and food service. North Dakota farmers have planted slightly less canola than expected, and prices have been held down.
Lower food-service demand for canola oil weighs on prices and reduces planted area, which may tighten supply later in the season.
agweek.comJul 7, 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.
