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ICE canola futures posted further losses on Friday, weighed down by sharp declines in Chicago soyoil and weaker European rapeseed, though gains in Malaysian palm oil offset some pressure. The Canadian dollar eased to 69.17 US cents, and cumulative Canadian Grain Commission data showed canola exports of 6.02 million tonnes, nearly double a year earlier.
Soyoil and crude weakness pull vegetable oil values lower, pressuring canola meal and oil. Uncertainty over US tariffs and biofuel tax credits continues to weigh on demand expectations.
marketscreener.comMarketScreenerFeb 28, 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.
