ICE Futures canola fell on Tuesday to fresh three-month lows, with January canola down C$6.90 at C$781.80 per tonne at the close. Chart-based selling pushed prices lower, with technical signals pointing toward support near C$750.
Weakness in Chicago soybeans, European rapeseed and Malaysian palm oil added spillover pressure, while the Western Canada harvest is largely complete.
Lower canola futures reflect routine technical selling and spillover from weaker oilseed complexes rather than a new supply shock. Completed harvest limits farmer selling, so prices may find some support, but canola meal buyers should watch for further weakness.
Not 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.
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.