Canola futures finished lower Thursday, pressured in part by weaker crude oil prices and a firmer Canadian dollar.
Canola fell to its lowest levels in nearly three months during the session, with fund selling adding to the downside. Crude fell mediation efforts to avert a possible U.S. military attack on Iran after this Tuesday’s US mid-term elections., although soybean oil and European rapeseed finished a bit higher. Continued farmer selling contributed to the losses as well.
January canola settled $2.60 lower at $783.10, and November 2027 was down $1.70 at $781.50.
