ICE Close: Modest Losses for Canola to Start Week 


Canola futures suffered modest losses on Monday, weighed down by weakness in crude oil and Chicago soybean oil. 

Weather damage to the European rapeseed crop continues to be a supportive influence for canola but more of the market’s attention is now focused on planting in Western Canada. Many parts of the Prairies are expected to get rain and/or snow in the next 10 days, which will help bolster soil moisture but keep planting slow. 

July canola fell $1.40 to $633, November was down $2.40 at $649.10, and January lost $2.40 to $657.10. 




Source: DePutter Publishing Ltd.

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