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ICE canola futures edged lower before Monday’s session, with European rapeseed and Malaysian palm oil weakness weighing on the market. Crude oil fell about $4 per barrel amid reports of progress toward U.S.-Iran peace talks; nearly 12,700 canola contracts traded.
Weakness in competing vegetable oils can pressure canola through substitution and broader oilseed-market sentiment. This was a small move, so the direct price implication for feed ingredients is limited.
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.