Farms.com Home   News

Canola Weaker, but Off Lows

Canola futures ended weaker at Thursday's close, but well off its session lows as investors reacted to a relatively neutral monthly supply/demand report from the USDA.

The report included only minor adjustments to the global numbers, with the US balance sheet left unchanged on the month. Soyoil futures finished lower following the neutral report, while soybeans and meal both posted gains.

Speculative profit-taking contributed to the declines in canola, although the underlying fundamentals of tight supplies remained supportive on the other side. A weaker tone in the Canadian dollar also helped temper the losses.

The most active January contract dipped below the psychological C$1,000/tonne mark at one point during the session but managed to settle well above that level.

January canola fell $2.70 to $1,008, March was down $1.10 to $981.70 and May lost $2 to $946.60.

Click here to see more...

Trending Video

Find Out More About Stalk Lodging

Video: Find Out More About Stalk Lodging


Pioneer Seeds - Stalk Lodging. How does it happen? How can you avoid it? And what should you do if you're seeing it this year? Get your Crop Doctorate in growing corn with stronger stalks.