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Commodities

Hot Weather Fails to Stabilize Canola Amid Declining Crop Ratings

Guavy AI Editorial Team
Instruments
Oil Wheat Corn
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Grain and oilseed markets saw significant movement on Tuesday, July 28. Canola prices continued to decline, pulling away from nearby highs due to bearish technical signals and losses in crude oil. However, concerns over hot Prairie weather provided some support for the commodity.

The US crop ratings also had a negative impact on soybeans and corn futures in Chicago. Wheat futures were mixed, with no significant changes observed.

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