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Tuesday, September 02, 2014

Looming wave of oilseeds depressing Canola prices

By Angus Brown  |  Source: ICE, Matif, Trade

Both Canadian Canola futures and European Rapeseed futures have fallen recently as harvest gets going and soybean prospects look good. Canola and Rapeseed are now near eight-year lows. Strong local basis is offering some sort of support in domestic markets, but this is where downside risk lies, along with some short term harvest pressure from the US.

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