Canola futures slipped lower on Thursday, falling for the first time in three sessions.
The declines were mainly attributed to profit taking after the January contract touched its highest in almost four weeks. Gains in palm oil and Chicago soybean oil added to the upside in canola, but European rapeseed was lower.
Harvest pressure has largely now passed, with the Manitoba and Saskatchewan crop reports this week estimating the canola harvests at 96% and 98% complete, respectively.
November and January canola each settled $2.80 lower at $617.60 and $631.50.
