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A StockCo Australia market note says the May WASDE was a letdown for prices, while new-crop canola rallied on Canadian sowing weather concerns. Old-crop canola remains sticky near $520-525 port, and Australian wheat and barley prices have firmed after harvest-time trucking tightened supply.
Canadian sowing concerns and a firmer Australian cash market support canola and local grain values, though the report is routine price commentary.
stockco.com.auCaitlin DeardenMay 18, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
