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ICE canola futures fell on reports that China and Australia are close to a deal allowing five test cargoes of Australian canola, with November contracts down $14.80 to $676. Losses in European rapeseed and palm oil added to the downside while Chicago soy was higher.
Expectations of Australian competition for Chinese demand pressured canola futures, reflecting the price impact of the potential trade reopening.
syngenta.caJul 16, 2025Not 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.
