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Australian cash canola is around A$530 per tonne delivered port heading into harvest. Support comes from a late Canadian harvest that may leave crop abandoned and slow logistics, Argentine soybean issues, and palm oil prices at four-year highs.
Late Canadian harvest and palm oil strength tighten global oilseed supply, supporting canola meal and oil prices and Australian export opportunities into China.
farmonline.com.auGregor HeardNov 15, 2016Not 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.
