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Oct 13 (Reuters) — ICE canola futures settled lower on Tuesday, tracking with falling soyoil futures. Harvest pressure in the US and Canada and a stronger Canadian dollar have also added weakness to canola futures. Spread trading and contract rolling have also roiled the market. The US Environmental Protection Agency p
ICE Futures canola contracts were sharply lower at midday Thursday, influenced by Chicago soybeans and soyoil.
November canola rose $14.70 to $823.70 per metric ton as delayed prairie harvest raises yield-loss concerns and a weaker Canadian dollar supports prices.
ICE Futures canola contracts were weaker on Wednesday, reversing some of Thursday’s gains with speculative profit-taking. November canola was up C$16.60 at C$839.10 per tonne, trading above major moving averages.