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Canola meal demand stayed strong through 2018-19 and is growing, supported by Canola Council promotion to nutritionists and feed companies. The US remains Canada's largest meal market, while China has become the second-largest market with exports up 50 per cent over three years.
Steady demand from the US dairy sector and growing Asian uptake supports canola meal prices and competes with soybean meal in feed formulations.
canoladigest.caTreena HeinNov 1, 2019Not 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.
