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The European Commission approved Canada's submission under the revised EU biodiesel greenhouse gas rules, keeping Canadian canola eligible for the EU biodiesel market for five years. The rules now require over 50% greenhouse gas reduction versus fossil diesel as of January 1.
Secured EU access supports demand for Canadian canola seed and oil, which supports canola meal supply economics 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.