Canola futures ended the week on a slightly weaker note, with Chinese tariffs continuing to cast a shadow over the market.
Canola also fell on Thursday, the day China’s 100% tariffs on imports of Canadian canola oil and canola meal officially came into effect. Losses in Chicago soybeans and soybean oil added to the pressure on canola, as did declines in palm oil. On the other hand, European rapeseed did move higher.
May canola eased $1 to $571.70, and November was down $2.20 at $586.60.
