Canadian canola futures fall

03 Feb, 2017

ICE Canadian canola futures fell on Tuesday to a fresh two-week low, pressured by a stronger Canadian dollar. Most active contract gained 1.3 percent for the month. Investors adjusted positions ahead of Friday's Statistics Canada crop stocks report, a trader said. March canola lost $3.40 at $507.50 per tonne. May canola gave up $3.60 to $514.10 per tonne.
March-May canola spread traded 3,676 times. March soybeans rose on a technical bounce. NYSE Liffe May rapeseed and Malaysian April crude palm oil dipped.

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