Canadian canola futures fall

22 Sep, 2019

ICE Canadian canola futures fell on Thursday amid muted trading volumes: The benchmark November canola futures contract closed $1.40 lower at $450.90 per tonne. Canola prices are taking their cue from soyabean oil, one industry source said, adding the Canadian canola harvest is very slow but export demand is also limited. The November-January canola spread traded 4,022 times, closing at a $8.70 January premium, widening from $8.50 a day earlier. The January-March spread traded 2,834 times.

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