
Canadian canola futures fell 4.5% in the week ending November 6, reaching a four-month low after three consecutive weeks of declines. Lower raw-material costs are weighing on Chinese rapeseed oil and meal markets; rapeseed oil futures fell, while meal futures rose modestly and remained comparatively resilient.
Cheaper Canadian canola reduces input costs for Chinese processors and could put further downward pressure on rapeseed oil and meal prices. The meal market has held up better so far, but continued declines in imported raw-material costs pose a bearish risk.
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.