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Canadian canola prices ease




  • ICE Canadian canola prices mostly eased on Tuesday, snapping a five-day winning streak in mixed trading. Commercial hedges and weakness in soyoil prices weighed on canola. But a slow pace of Canadian farmer deliveries and harvest delays caused by rain underpinned the market, a trader said. November canola shed 70 cents to $471.10 per tonne. January canola added 40 cents to $475.80 per tonne. November-January spread traded 2,487 times.

    Chicago November soybeans rose on a decline in US crop ratings. Malaysian November palm oil fell and NYSE Liffe Paris November rapeseed rose. The Canadian dollar was trading at $1.3266, or 75.38 US cents at 1:01 pm CDT (1801 GMT), down slightly from the Bank of Canada’s close at $1.3257 to the greenback, or 75.43 US cents.

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