ICE Close: Canola Weaker with Profit Taking 

Market news
January 14, 2025


Profit taking weighed as canola futures slipped back on Tuesday. 

Canola followed the Chicago soy complex higher on Friday and Monday after the release of a bullish USDA report. However, soybeans paused today, although soybean oil still managed gains. Gains in the Canadian dollar and losses in crude oil were also negative for canola prices today. 

March canola fell $6.10 to $641.60, and November was down $2.70 at $637.10. 

Source: DePutter Publishing Ltd.

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