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Canola futures were mixed in the week ended May 4, with old-crop months lower and new-crop contracts steady to higher. Western Canadian seeding began early, and clearing and hedging of canola futures will move from Winnipeg to New York by the end of July.
Early seeding and expected large acres are bearish for canola prices, while the exchange move changes the market structure without changing supply or demand.
manitobacooperator.caPhil Franz-WarkentinMay 10, 2018Not 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.
