CHICAGO: ICE canola futures weakened on Monday, retreating into negative territory after early strength failed to push prices above the high hit on Friday.
Most-active May canola dropped $3.80 to settle at $820.80 per tonne. The contract hit resistance at its 10-day moving average and topped out at $826.60, which matched the peak hit on Friday. March-May canola spread, the most active inter-month spread, traded 6,060 times. The May-July spread traded 2,430 times.
Chicago Board of Trade March soybean futures settled up 1/4 cent at US$15.42-3/4 a bushel after trading in both positive and negative territory. Euronext May rapeseed futures gained 0.6%.
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