After closing lower for the first time in five sessions a day earlier, canola futures lost a bit more ground on Thursday.
Advances in the Canadian dollar were negative for canola, as was losses in palm oil. On the other hand, Chicago soybeans and soybean oil were stronger, while European rapeseed was steady to higher. Solid supply-demand fundamentals also continue to underpin the canola market.
March canola lost $2.20 to $658.60, and November was down $2.20 at $647.20.
