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ICE canola futures closed higher on Monday despite pressure from lower crude oil and weakness in Chicago soybeans and Malaysian palm oil. Stronger weekly Canadian canola exports and domestic use supported the market, with both year-to-date figures ahead of last year’s pace.
Firm exports and domestic use indicate stronger demand for Canadian canola, which can support prices. The gains were partly checked by weakness in competing oil markets and expectations for USDA estimates.
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.