Canola futures fell heavily to end the week, with Chicago soybeans and soyoil also posting losses.
Weakness in palm oil and European rapeseed added to the downside in canola, along with declines in crude oil. Meanwhile, the Canadian dollar continues to hover near 3-month highs against its American counterpart, a further negative factor for canola.
Lagging exports remain bearish, although the latest numbers from the Canadian Grain Commission showed 289,200 tonnes exported for the week ended Dec. 7. That was the largest of the marketing year, but the year-to-date pace is well behind last year.
January canola lost $16.30 to $605, and March was down $15.10 at $617.70.
