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ICE canola futures mixed

ReutersApr 30, 2025 7:31 PM

- ICE canola futures were slightly higher for nearby July and slightly weaker for new crop months on a weak Wednesday for vegoils.

• July canola RSN5 settled up $5.40 at $692.40 per metric ton. November RSX5 fell 30 cents to $650.10, with the old crop/new crop spread widening to more than $40 per ton.

• Existing stockpiles in Canada are believed by traders and analysts to be exceptionally tight, although some are beginning to suspect that Statistics Canada significantly underestimated the 2024 harvest.

• Chicago Board of Trade soyoil futures BOv1 fell 0.73%. Soyoil used for biofuel production fell more than 10% in February compared to January, according to the U.S. Energy Information Administration.

• Euronext August rapeseed futures COMQ5 fell 1.65%. Malaysian palm oil futures FCPOc3 fell 0.81%. A Reuters poll found higher estimated stocks and production of palm in March. Prices have hit seven month lows. POI/

• The Canadian dollar CAD= moved little. CAD/

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