ICE Close: Canola Lower in Post U.S. Holiday Trade

Canola futures closed lower in slow post-U.S. Thanksgiving holiday trade on Friday.

Losses in Chicago soybeans spilled over to weigh on canola, as the U.S. market closed lower for the sixth straight day as traders waited for more news on the so-called phase one trade deal between the U.S. and China.

On the other side, a weaker Canadian dollar and gains in Chicago soyoil did provide some support for canola.

January canola fell $1.30 to $456.60, March was down $1.30 at $465.70 and May lost $1.40 to $473.80.

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.