Canola prices have increased in recent weeks, partly due to a war premium after the talks between the U.S. and Iran broke down again. With crude oil rising on the news, canola and soybean oil have both trended up with their link to biofuel production. News of China purchasing more soybeans has also strengthened oilseed prices recently. Prices have been volatile as the news changes, but prices have strengthened significantly in recent weeks.
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Oilseeds rise along with crude oil
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