ICE Close: Canola Dragged Lower Again by Soy Complex 

Weakness in the Chicago soy complex continued to cast a pall over canola futures on Wednesday. 

Canola closed lower for the third straight day as strong US soy production prospects remained an undermining force. Losses in palm and European rapeseed weighed on canola as well. 

Temperatures remain very warm across most of Western Canada, along with scattered showers and thunderstorms. 

Tuesday’s Manitoba crop report said canola in the province ranged from the rosette to flowering stage of development. 

November lost $14.40 to $617.90, and January was down $14 at $627.60. 

Source: DePutter Publishing Ltd.

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