Canola futures fell with other vegetable oils amid a lack of fresh news on Wednesday.
Chicago soybean oil futures and palm oil lost ground, which helped to pull canola lower. However, soybeans and European rapeseed did manage gains on the day.
The harvest across Western Canada is now essentially complete, and the market continues to wait on Canada-China trade developments. The Chicago soy complex is also awaiting news, as US President Donald Trump and his Chinese counterpart Xi Jinping are expected to meet next week at the APEC Summit in South Korea.
As can be seen on the January futures chart below, canola has chopped mainly sideways so far in October, after sliding lower for much of the summer and early fall.
November canola fell $2.50 to $613.10, and January lost $2.60 to $627.50.
January canola: source - Barchart
