Canola futures ended a bit weaker on Tuesday, pressured by weakness in crude oil and a softer tone across the broader oilseed complex.
Declines in crude reduced support for vegetable oils tied to biofuel demand, weighing on canola values alongside losses in Chicago soybean oil. Additional pressure came from improving planting progress expectations across North America and ample global oilseed supply prospects, including a larger Brazilian soybean crop outlook. Profit taking was also negative for canola.
July lost $1.50 to $757.30, and November was down $1.10 at $762.10.
