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South Africa's canola area is projected to reach 197,890 hectares in 2026/27, up from 17,000 hectares in 1998/99. The crop is forecast at a record 368,270 tonnes, a 20% year-on-year increase, with farmers shifting land from wheat to canola.
Exports are reportedly going to Germany and Belgium.
Rising domestic canola crush supply lifts local oilcake availability for feed users and may reduce imports of soy-based meal over time.
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.