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The outlook for canola futures on the Intercontinental Exchange appears to be on a downward slide, said Bill Craddock, a Manitoba-based trader and farmer.

As pulse crops across the country continue to develop, Agriculture and Agri-Food Canada updated its estimates for dry peas and lentils. AAFC issued its July supply and demand report on July 21.

Manitoba cereals, oilseeds and pulses continue to develop nicely, the province’s latest crop report said.

Agriculture and Agri-Food Canada revised its canola estimates in its July supply and demand report released on July 21.