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.

Information contained herein is believed to be accurate but is not guaranteed by the parties providing it. Syngenta, DePutter Publishing Ltd. and their information sources assume no responsibility or liability for any action taken as a result of any information or advice contained in these reports, and any action taken is solely at the liability and responsibility of the user.