ICE Close: Canola Down Again to End Week 


Canola futures returned to their losing ways to end the week. 

Canola, which ended higher on Thursday for the first time in four sessions, posted modest losses as Chicago soybean oil futures declined. Palm ended weaker as well, although European rapeseed was higher.  

Canola futures had a choppy, headline-driven week, with the trade largely tied to crude oil and the broader vegetable oil complex. Domestic crush demand helped to act as a cushion on dips. 

May canola fell $4.50 to $704.20, and November lost $1.20 to $718.50. 



Source: DePutter Publishing Ltd.

Information contained herein is believed to be accurate but is not guaranteed by the parties providing it. Syngenta, DePutter Publishing Ltd. and their information sources assume no responsibility or liability for any action taken as a result of any information or advice contained in these reports, and any action taken is solely at the liability and responsibility of the user.