Canola futures ended mixed on Monday, despite strong advances in the Chicago soy complex.
The soy complex was buoyed by news of a US-China trade agreement over the weekend that will see both countries cut tariffs for a 90-day period. Today’s USDA report was also considered bullish for soybeans, while tightening old-crop canola supplies continued to underpin the Canadian market as well.
However, the July contract was unable to hold its gains and turned lower, while November did manage to end higher.
July canola was down $1.50 to $710.60, and November gained $6.20 to $676.80.
