Canola futures ended a bit lower on Thursday, with the nearby March contract falling back from the key $650/tonne level.
Losses in the Chicago soy complex weighed on canola today, with European rapeseed mostly lower and palm oil mixed. On the other hand, crude oil posted good gains as US President Donald Trump considered military strikes on Iran.
A higher Canadian dollar undermined canola as well.
March and November canola each fell $1.50 to end at $648.70 and $657.50, respectively.
