ICE Close: Canola Slides with Crude, Other Vegoils 


Canola futures ended lower on Tuesday, falling with other vegetable oils. 

Declines in crude oil weighed on Chicago soybean oil, Malaysian palm oil and European rapeseed, spilling over to pressure canola. The losses came despite reports of slower farmer selling of canola.  

Meanwhile, forecasts called for rain or snow across much of Western Canada, potentially delaying the final stages of harvest.  

January lost $6.50 to $787.30, and new-crop November dropped $7.40 to $782.70. 



Source: DePutter Publishing Ltd.

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