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Agriculture and Agri-Food Canada tightened its canola ending stocks forecasts, with 2020-21 stocks at 2.3 million tonnes, the tightest in four years. Wheat ending stocks for 2020-21 were also trimmed to 6.8 million tonnes.
Tighter Canadian canola carryout supports canola meal and oilseed prices, although AAFC expects abundant world supplies to pressure prices overall.
grainews.caPhil Franz-Warkentin, GFM Network NewsMay 24, 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.
