Canola futures were lower on Friday, influenced by ongoing trade tensions and market volatility.
Contributing to the decline was concerns over potential US tariffs on Canadian canola imports and China's ongoing anti-dumping investigation into Canadian canola. These uncertainties have led to reduced purchasing activity from major importers, notably China, which has significantly scaled back its Canadian canola imports.
Losses in the crude oil, the Chicago soy complex and European rapeseed added to the downside, although palm oil was stronger.
May canola was down $7 at $651.10, and November dropped $7.50 to $641.50.
