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OverviewAPI
Canola futures are expected to continue sliding due to a significant production increase and a decline in the January contract on the Intercontinental Exchange. The bearish outlook is attributed to a rise in production by Statistics Canada, leading to a 900,000 metric tons increase for the 2023-24 season. Additionally, the global vegetable oil market's declines have contributed to the bearish tone in ICE canola futures.

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