Canola futures ended lower on Friday, pressured mainly by weakness in the Chicago soy complex and some pre-holiday positioning ahead of the Labour Day weekend.
Chicago soybeans, soyoil and soymeal all finished lower, creating spillover pressure on canola. Crude oil was just mixed on the day, while gains in European rapeseed and Malaysian palm oil helped limit the downside. A weaker Canadian dollar provided some underlying support, but it was not enough to offset the broader oilseed weakness heading into the three-day weekend
November canola fell $6.20 to $820.90, and January lost $6.80 to $830.60.
