ICE canola ends modestly lower after rally fizzles
July 14 (Reuters) - ICE canola futures ended lower on Monday after a choppy trading session, with rallies capped by improving Canadian crop weather, a lack of supportive news and long liquidation by commodity funds, traders said.
Benchmark November canola RSX5 settled down 10 cents at $682.60 per metric ton but stayed above Friday's one-month low of $673.20.
January canola RSF6 ended down 20 cents at $690.90 per ton.
Both the November and January contracts turned higher at times, but erased their gains in roughly the last 30 minutes of the trading session.
Rival vegetable oil markets closed higher. On the Chicago Board of Trade, most-active December soyoil futures BOZ25 rose for a third straight session, settling up 0.35 U.S. cent, or 0.65%, at 54.00 U.S. cents per pound.
Euronext November rapeseed futures COMX5 rose 0.42% and Malaysian palm oil futures FCPOc3 ended Monday up 1.34%. POI/
Crude oil CLc1 fell as investors weighed new threats from U.S. President Donald Trump for sanctions on buyers of Russian oil that may affect global supplies, while still worried about Trump's tariffs. O/R
The Canadian dollar CAD= was largely flat against its U.S. counterpart. CAD/
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