Canola futures fell for the first time this week, as declines in the Chicago soy complex were too much to overcome.
Soybeans and soybean oil both fell heavily today amid uncertainty over whether China will hit its US soybean purchase target of 12 million tonnes by the end of this year. Profit taking weighed on both canola and soybeans during the day. European rapeseed and palm oil were both weaker as well, along with crude oil.
On the other side, the Canadian dollar posted declines.
January canola lost $6 to $650.20, and March fell $5.50 to $662.90.
