Canola futures ended lower for the first time in three sessions on Wednesday, as Chicago soybean oil backed off after hitting contract highs a day earlier.
Soybean oil strengthened earlier this week on ideas that a new trade between the US and India could lead to added export demand. European rapeseed also declined on the day, while palm oil was mainly higher, along with crude oil.
After reaching an 11-day high against its US counterpart earlier this week, the Canadian dollar slipped back today, helping to limit the downside in canola.
March canola declined $4.60 to $662.70, and November eased 30 cents to $647.90.
