The canola market is down more than $111.00 Canadian since last week. Northern Crops Marketing and Investments President Brad Paulson says the weakness in the canola is mirroring the sell-off in palm and bean oil. “Palm oil is really beat up along with soybean oil. Malaysia and Indonesia all of a sudden have lots of palm oil to export. The markets over there collapsed a few days ago.” The energy markets also impact the vegetable oil market. “It is quite a ways off its low again here.”
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