ICE Close: Canola Drops Near End of Session

Canola futures ended lower on Wednesday, after trading to both sides of unchanged.

While Chicago soyoil managed to finish a little higher today, soymeal was down sharply and weighed on values. Strength in the Canadian dollar pressured as well.

Gains in European rapeseed and Malaysian palm oil tempered the losses in canola.

May canola fell $1.90 to $466.50, July was down $1.40 at $474.60 and November lost 60 cents to $482.80.

Source: DePutter Publishing Ltd.

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