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Winnipeg November canola futures fell 3.4% over seven days to CAD 787/t, down 6.1% month-on-month, though still 19% above last year. Harvest pressure is accelerating in Canada and mills are already well stocked, weakening physical demand.
Heavy Canadian harvest supply and weak mill demand point to continued softness in canola and canola meal prices. Buyers can expect cheap canola meal as a protein option.
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.