ICE Close: July Canola Slips; November Slightly Higher 


Canola futures closed mixed on Monday, with the nearby July contract down and new-crop November higher. 

Gains in Chicago soybean oil and European rapeseed lent support to canola, but palm oil and crude ended lower. 

A Statistics Canada canola crush report on Monday showed 1.02 million tonnes of canola was processed in March, up almost 142,000 tonnes or 16% from February, which marked the first time in five months the crush had fallen below the 1-million benchmark. 

July canola lost $5.40 to $696.40, and November was 50 cents higher at $660.90. 




Source: DePutter Publishing Ltd.

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