Market sentiment was weighed down by weakness in related vegetable oil markets, including soybean oil and Malaysian palm oil, both of which have faced resistance amid limited fresh demand. Traders also noted that canola continues to struggle near key resistance zones, with momentum slowing after a period of strong performance earlier in the season.
Global oilseed fundamentals remain in focus, especially as the South American soybean harvest progresses and weather conditions in Western Canada come under scrutiny. Looking forward, canola prices may remain sensitive to external factors like trade flows, crush margins, and broader economic signals influencing commodity investment trends.
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