WINNIPEG, (Manitoba): ICE canola futures fell on Wednesday as speculators sold positions, extending canola’s longest skid in five months to six sessions.
January canola lost $6 to settle at $829.10 per tonne. January-March canola spread, the most active inter-month spread, traded 3,160 times.
Euronext February rapeseed futures also fell, under pressure from a slide in crude oil. US soybean futures rallied during the session, overcoming concerns about a rise in Covid-19 cases in China.