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ICE canola futures continue to fall, but at a slower pace

ReutersMar 13, 2025 8:04 PM

- ICE canola futures continued falling Thursday, but with less intensity than in the three previous sessions.

• Canola was the weakest of its sister vegoils, and is at the lowest since 2020.

• May canola RSK5 settled down $6.40 at $566.90 per metric ton.

• The dire threats to canola markets for Canada's crop has become a prominent issue in Canadian politics. China's announcement of May 20 tariffs on Canadian canola oil and meal prompted Saskatchewan Premier Scott Moe to beg the politically distracted federal government to intervene. "We need to have urgent, urgent engagement by the federal government with the country of China showing a willingness to find a path through, a path away from the tariffs," Moe said.

• Chicago Board of Trade soyoil futures BOv1 fell 0.96%.

• Euronext rapeseed futures COMc1 fell 0.53% and Malaysian palm oil futures FCPOc3 rose 1.16% on production concerns. POI/

• The Canadian dollar CAD= fell. CAD/

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