tradingkey.logo

ICE canola futures flat despite soyoil losses

ReutersMay 22, 2025 7:19 PM

- ICE canola futures were little moved on Thursday despite a selloff in Chicago soyoil.

• July canola RSN5 settled down 10 cents at $715.90 per metric ton. November RSX5 fell 20 cents to $685.80.

• The canola market continues to be quiet, with no weather scares or fundamental developments to spark action, traders said. Volume is light.

• Chicago Board of Trade soyoil futures BOv1 fell 1.44% on worries about an amendment to the tax bill in the U.S. Congress could negatively affect U.S. biodiesel credits.

• Euronext August rapeseed futures COMQ5 rose 0.88%. Malaysian palm oil futures FCPOc3 fell 1.9% on rising palm production and weakness in soyoil markets. POI/

• The Canadian dollar CAD= was little moved. CAD/

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI