Canola futures ended lower for the third straight day on Friday, as the market continued to ease back after a rally to start the week.
Chicago soyoil and crude oil saw modest gains today, while the Canadian dollar was also lower. Weather damage to the European rapeseed crop remains a supportive factor as well.
A Statistics Canada report today showed the March canola crush at 961,355 tonnes, up about 7% from the previous month and 2.6% above January. However, export demand continues to lag the year-ago pace.
May canola fell $5.10 to $617.70, July was down $2.50 at $634.40, and November dropped $2.20 to $651.50.
