Canadian canola futures ended mixed on Tuesday, with nearby contracts falling while the thinly traded deferred months closed higher, traders said. ICE canola futures settled 80 cents per tonne lower to $4.10 per tonne higher, with benchmark November down 80 cents at $525.10.
Good crop conditions and strength in the Canadian dollar continued to weigh on prices, a trader said. Some crusher buying provided support. Funds sold about 750 November contracts, a trader said. An estimated 201 November/January spreads traded from $11.00 to $11.40 under while 378 January/March spreads traded from $9.90 to $10.00.