Canola futures were lower on Friday, influenced by ongoing trade tensions and market volatility. Contributing to the decline was concerns over potential US tariffs on Canadian canola imports and China's ongoing anti-dumping investigation into Canadian canola. These uncertainties have led to reduced purchasing activity from major importers, notably China, which has significantly scaled back its Canadian canola imports. Losses in the crude oil, the Chicago soy complex and European rapeseed added to the downside, although palm oil was stronger. May canola was down $7 at $651.10, and November dropped $7.50 to $641.50. Source: DePutter Publishing Ltd. Information contained herein is believed to be accurate but is not guaranteed by the parties providing it. Syngenta, DePutter Publishing Ltd. and their information sources assume no responsibility or liability for any action taken as a result of any information or advice contained in these reports, and any action taken is solely at the liability and responsibility of the user.
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