Loading…
ICE canola futures fell sharply on Monday, with July below $700/tonne for the first time in two weeks, as speculators liquidated part of a record-large net long position. Losses in Chicago soyoil and a strong Canadian dollar added pressure, while tight old-crop supplies and Australia's 2025/26 canola estimate of 5.7 MMT, down 6% year on year, offered some support.
Fund liquidation and a firmer Canadian dollar weigh on canola and canola meal values, while smaller Australian supply limits downside and keeps the feed protein complex supported.
marketsfarm.comMike JubinvilleJun 2, 2025Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Canola liquidation and losses in Chicago soyoil on June 2 show spillover vegetable-oil selling and a strong Canadian dollar adding pressure.
