ICE Close: Choppy Trading; Mixed Close

Canola futures ended mixed on Wednesday, with losses in the front months while the more deferred months were steady to higher.

While the Chicago soy complex was lower, with soybeans under pressure from profit taking after Tuesday’s strong gains in the wake of a bullish USDA supply-demand update, there were gains in Malaysian palm oil and the front months of European rapeseed.

Strength in the Canadian dollar added to the pressure on the nearby contracts.

March canola was down $2.20 at $684.70, May fell 60 cents to $668.40 and July was up $1.30 at $653.50.

Source: DePutter Publishing Ltd.

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