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ICE Canadian canola futures closed down 2% on November 5, reaching a four-month low. The decline weakened cost support for domestic rapeseed oil and was expected to weigh on rapeseed meal costs, although domestic feed demand limited the bearish impact on meal.
Lower canola prices reduce the cost base for canola oil and meal, adding downward pressure to both products; steady feed demand may cushion the meal impact. The article also reports a fall in the domestic rapeseed oil futures contract, while the rapeseed meal contract edged higher.
goodsfu.10jqka.com.cnNov 6, 2026Not 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.
