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Canola posted the biggest one day loss in weeks on Tuesday, weighed down by a falling American crop market and a forecast for drier weather.
Most traded January closed at $513.40, down $8.90 or 1.7 percent.
It was a turn around Tuesday with traders shifting their focus from the strong U.S. crop export picture back to the big U.S. crops.
American farmers are running out of storage room and starting to sell more on the cash market, pushing down the cash price and widening the basis. That was reflected back into the futures market today.
