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Canola market climbs as demand steadies futures rally
The canola market pushes higher despite harvest pressures with futures up 45 per tonne since October. Demand from China remains robust, early exports exceed last year, and nontraditional ports show new appetite. Domestic crush is up 376k tonnes, signaling potential export versus local processor rationing. Basis volatility widens across delivery points, while spillover from US bean futures supports the rally. Contact 761-0267 for on-farm market help.
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