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ICE canola futures were choppy ahead of Statistics Canada's March 31 canola stocks report, with analysts expecting estimates between 4.8 and 6.9 million tonnes. The Canadian dollar was weakening, and some analysts warned supplies could run out before new crop arrives.
A stocks figure near the low end of expectations would tighten canola supply and support prices, while a high figure would weigh on the market.
grainews.caGFM Network NewsMay 3, 2017Not 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.
