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Canola futures closed higher after recovering from a mid-January low, and spot canola prices have turned upward. Soybean oil reached its highest close in over three months, and palm oil also began to firm after near three-year lows.
Synchronized recoveries in canola, soyoil and palm oil firm the vegetable oil complex and tighten the cost of oil-based feed inputs.
dtnpf.comTodd HultmanJan 28, 2019Not enough comparable past events yet for a historical read.
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.
