ICE Close: Canola Futures Fall to Two-Month Lows 

Market news
November 22, 2024


Canola futures ended lower on Friday, touching a two-month low. 

Losses in Chicago soybean oil, European rapeseed and palm oil were negative for canola futures. Fundamental pressure on the market is linked to good weather in Brazil and uncertainty around US biofuel subsidies. 

January canola lost $2.80 to $592.20, and March fell $2.70 to $605.50. 

Source: DePutter Publishing Ltd.

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