# January Canola Settles Lower on Investor Selling

> January canola futures settled at $515.50/mt on November 9, down $5.30, after stalling at a high of $522.50. Speculative profit-taking and investor selling drove the decline, while commercial buying appeared in the January/March spread.

- Date: 2017-11-09 · published 2017-11-09T12:00:00.000Z
- Category: market · region Canada · magnitude low
- Page: https://feedsoft.ai/events/68082-january-canola-settles-lower-on-investor-selling
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Canola futures are pressured by speculative liquidation and Canadian dollar strength, which lowers the value of Canadian-origin canola meal and oil for feed buyers. The move is routine trading behaviour rather than a change in supply or demand.

## Read by commodity

- USDCAD: bearish ▼
- CANMEAL: bearish ▼

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/Ag/blogs/canada-markets/blog-post/2017/11/09/january-canola-settles-lower-selling

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.