CHICAGO: ICE canola futures dipped on Wednesday for a third straight session, as commodity investors factored in the significance of talks between Russia and Ukraine that have stranded Ukrainian vegetable oil supplies.
Uncertainty has led to canola speculators heading to the sidelines and thinner trading volumes, a broker said.
Most-active May canola lost $5.80 to $1,113.90 per tonne, touching the lowest price since March 8.
May-July canola spread traded 1,671 times.
Chicago wheat, corn and soybeans fell as investors weighed whether talks between Ukraine and Russia could lead to a ceasefire in the three-week war. Euronext May rapeseed futures edged lower.
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