ICE canola futures ease but remain firm
WINNIPEG, Manitoba - March 31 (Reuters) - Nearby ICE canola futures edged lower Monday but were relatively stronger than soyoil or European rapeseed, while new crop months rose.
• May canola RSK5 settled down 90 cents at $612.50 per metric ton. July RSN5 rose 60 cents to $618.90.
• November, the first contract representing the 2025-26 crop, rose $5.80 to $618 to regain a premium to May and almost reached a premium against July. Other new crop months also gained into clear premiums.
• Chicago Board of Trade soyoil futures BOv1 fell 0.6%. U.S. Department of Agriculture found more soybean stocks than the market expected, and projected about the same acreage for soybeans this spring as the market expected.
• Euronext rapeseed futures COMc1 fell 1.67% on predictions of stable European rapeseed production and increased sunseed production. On Friday, analytical firm Strategie Grains said it considered sunseed overvalued.
• The Canadian dollar CAD= fell. CAD/
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