ICE Close: Canola Down Despite Higher Vegoils 


Canola futures fell on Tuesday even as other vegetable oils managed gains. 

Chicago soybean oil, European rapeseed, and palm oil were all higher on the day, while crude oil managed gains as well. The Canadian dollar was lower too, which is typically supportive for canola. 

On the other hand, soybeans did close weaker. 

March canola lost $4.10 to $621.70, and November dropped $2.80 to $607.70. 




Source: DePutter Publishing Ltd.

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