Farms.com Home   News

Canola Gives Up Gains in Last Hour

Canola futures gave up earlier gains on Thursday to finish mostly lower.

While Chicago soybeans and soyoil posted gains on the day, they also ended down from their earlier highs. Support for canola came from gains in Malaysian palm oil and European rapeseed, while lower Chicago soymeal weighed on values. Strength in the Canadian dollar also pressured.

The Saskatchewan crop report put the provincewide harvest of all crops reached 36% complete, with 11% of the canola combined.

November canola gained $1.70 to $892.50, January fell 50 cents to $875.60 and March lost $1.80 to $856.20.

Click here to see more...

Trending Video

G7 Hosts Iran War Signing

Video: G7 Hosts Iran War Signing

This week, the G7 summit in France became the stage for an official pause in the war between Iran and the United States.