Canola futures stumbled today, amid across-the-board losses in the Chicago soy complex and sharp declines in crude oil.
Crude was pressured today in part by rising US inventories, while improving weather in Brazil added to the downside in the soy complex. Still, the nearby canola future is up about $45 from its most recent low and new-crop November 2024 is up about $30.
January, March and May canola all fell $12.70 to settle at $706.80, $712.40, and $715.80.
