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ICE canola futures fall on China tariffs

ReutersMar 20, 2025 8:14 PM

- ICE canola futures fell Thursday as China's tariffs on Canadian processed canola products took effect.

• May canola RSK5 settled down $11.50 at $572.70 per metric ton. July fell $10.50 to $584.20. November, which is the first month for the crop harvested in 2025, fell back to $588.80.

• China's tariffs on Canadian canola oil and meal kicked in on Thursday, dashing hopes for a last-minute settlement that would avoid the blow to Canada's second-largest meal market.

• Chicago Board of Trade soyoil futures BOv1 rose 0.83% on vegoil markets strength.

• Euronext rapeseed futures COMc1 rose for a third day, gaining 1.18%, and Malaysian palm oil futures FCPOc3 rose 0.55% on strength in Chinese markets. POI/

• The Canadian dollar CAD= strengthened. CAD/

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