Canola futures ended lower on Friday, dropping with the Chicago soy complex.
Both soybeans and canola saw seasonal harvest pressure, with today’s Alberta crop report showing the harvest in the province at nearly 90% complete as of Tuesday. The canola crop was pegged at 77% harvested. European rapeseed and palm oil were also lower on the day, while the slow early canola export pace added further pressure.
November canola lost $8.80 to $605, and January was down $8.70 at $618.10.
