ICE Canadian canola futures fell on Wednesday, pressured by weakness in soyabeans and a sinking stock market. Canola crush margins worsened and canola prices appear to have further downside, a trader said.
May canola shed $3.70 to $465.10 per tonne. May-July canola spread traded 2,972 times. US soyabean futures dropped on spillover pressure from lower equity markets. Euronext May rapeseed futures and Malaysian June palm oil futures slipped.

Copyright Reuters, 2020

Comments

Comments are closed.