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Canola prices have been volatile, mirroring soybean oil trends and reflecting Canadian supply forecasts. Recent estimates suggest an increase in production, yet Canadian growers express frustration over government response to Chinese tariffs.

The U.S. EPA's proposed rule on refinery exemptions adds further uncertainty regarding vegetable oil prices. A new study indicates that canola payments in North Dakota could rise significantly by 2034, while recent crop progress shows positive harvest rates. The NCGA's annual meeting will take place in Minot in November.