ICE Close: Canola Futures Slip for Second Day 

Market news
May 06, 2025


Canola futures closed lower on Tuesday, adding to the previous day’s losses. 

Weakness in the Chicago soy complex undermined canola, as well as declines in Malaysian palm oil, which fell for the sixth straight session. On the other hand, European rapeseed did close higher on the day. Canola also saw pressure from the Canadian dollar, which rose to a seven-month high as Prime Minister Mark Carney met with American President Donald Trump in Washington today. 

July canola fell $8 to $693.70, and November was down $1 at $655.90. 

Source: DePutter Publishing Ltd.

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