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ICE canola futures fall with oils

ReutersMar 3, 2025 8:00 PM

All figures in Canadian dollars unless noted

- ICE canola futures fell Monday as vegoils and crude oil dropped.

• March canola RSK5 settled down $5.20 at $645.90 per metric ton.

• Tariff threats hung over the canola market Monday, just hours before 25% tariffs on Canadian products including canola could be implemented, but canola was not weaker than soy or other oils.

• Traders said the worry about tariffs and expected declines in sales of canola oil to the U.S. market are already baked-into the market.

• Chicago Board of Trade soyoil futures BOv1 fell 1.43%Monday, adding to big Friday losses which have knocked it more than 4% since Thursday and below a support line at 44 cents per pound.

• Euronext rapeseed futures COMc1 fell 1.03% and Malaysian palm oil futures FCPOc3 fell 1.54% Monday. POI/

• Crude oil CLc1 fell more than 2%.

• The Canadian dollar CAD= strengthened. CAD/

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