Analysis

Canola prices drop as Canada's crop prospects improve

By Ed Scamps, Cloudbreak Grain Marketing
July 8 2022 - 1:00am
Canola slips as Canada sells

Canola prices continue to decline with broad selling across all vegetable oil markets. ICE canola Nov22 futures closed CAD$31.70/t lower at CAD$846.80/t Monday. Matif rapeseed Nov22 futures closed (e)21.75/t lower at (e)673.00/t on Friday. Chicago (CME) Nov22 soybeans closed US63c/bu lower at US1,395.25/bu. Most oilseed futures made an attempt to rally last week after initially reaching oversold territory.

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