Canola futures closed mixed Thursday after riding higher in the morning. The weaker loonie was the main reason for the early strength because soybeans spent the day lower. July canola closed at $642.60, up 30 cents. November closed at $588, down $1.00. The loonie was down as the market awaits results from the two-day summit […] Read more
Stories by D'
Greek debt anxiety drives down canola
Canola fell along with soybeans Wednesday on anxiety about Greece’s future in the euro zone. Oilseeds were also pressured by talk that China might cancel or push back delivery of soybean shipments. Wheat was pressured by rain in Russia and parts of Australia where it had been dry. Also, the inversion where corn had been […] Read more