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South Africa expects a record canola harvest of 368,270 tonnes, up 20% year on year, from 197,890 hectares planted in the Western Cape. Wandile Sihlobo cited the crop as a success story alongside soybeans, citrus and other horticultural crops, with expanding domestic demand for canola oil and oilcake.
A larger domestic canola crop adds to local oilcake supply for feed use, which can weigh on the price of imported protein meals.
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.