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An AAFC outlook raised the projected Canadian canola price for the crop year by $25 per tonne, and the average price is now projected $89 per tonne above the prior year. The increase comes despite recent declines in cash canola prices.
A higher government price projection signals firmer canola values, supporting canola meal costs for feed buyers.
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.