Canadian canola futures fall

03 May, 2019

ICE Canadian canola futures fell on Wednesday to fresh contract lows, pressured by a lack of progress in resolving a trade dispute with China and weakness in soy markets. Technical selling added further pressure to canola, a trader said. The Canadian government, as expected, on Wednesday offered more financial assistance to canola farmers who have been hit by a Chinese ban on imports and said it was looking to diversify into other markets. July canola lost $4.80 to $436.40 per tonne.

Read Comments