ICE canola futures fall on weak soy, good harvest weather
WINNIPEG, Manitoba, Sept 29 (Reuters) - ICE canola futures fell on Monday as weak Chicago soyoil and good Canadian harvest weather knocked away price support.
• November canola RSX5 settled down $9.40 at $605.20 per metric ton. January RSF6 settled down $9.50 at $618.20.
• Good harvesting weather across most of the prairies means that crops have been coming off fast and in good condition, with more days of good weather forecast.
• Canola futures are at their lowest since April 7, with traders seeing little fundamental reason for a reversal higher. Unless China drops its duties on Canadian canola, the crop will pile up on farms and in the export system.
• Chicago Board of Trade soyoil futures BOv1 fell 1% on a steady flow of soybeans being harvested and worries about stocks swelling as China continues to not buy U.S. soybeans.
• Euronext rapeseed futures COMc1 fell 1.22%.
• Malaysian palm oil futures FCPOc3 fell 0.25%. POI/
• The Canadian dollar CAD= rose. CAD/
Related Articles
Investing in Space Technology & Satellite Stocks
TradingKey - For years, space was the preserve of governments and a few defense contractors. Now it is a growing business expecting billions in private investment.
Nike (NKE): The Plan is Set, Now Wait for the Execution
TradingKey - Nike will report first-quarter earnings on the 30th of September after the market closes. The sportswear giant has been experiencing one of the most challenging times of its existence due to a number of strategic missteps in recent years.
[U.S. IPO] AstraZeneca Drops ADRs for NYSE Direct Listing; UK Headquarters to Remain
TradingKey - Pharmaceutical giant AstraZeneca announced on Monday a major capital structure adjustment plan, proposing to list its shares directly on the New York Stock Exchange (NYSE) to replace the American Depositary Receipts (ADRs) currently traded by U.S. investors.-7a11b8d0395c4adfa0c9443253a20b00.jpg)
U.S. Government Shutdown: If It Happens, Economic Bad News Could Be Good News for Stocks
TradingKey - If the U.S. government experiences a shutdown, it could lead the Federal Reserve to stick with its current pace of interest rate cuts, or even accelerate them if the shutdown lasts longer and causes deeper economic disruptions.
Carnival’s Q3 2025 Earnings Preview: Can Strong Demand and Celebration Key Drive Valuation Higher?
TradingKey - Fueled by robust consumer demand for cruise travel, Carnival has hit all-time highs in several key metrics, including revenue, yield, and customer deposits. Its stock has performed strongly in 2025, with a year-to-date gain exceeding 20% and a nearly 70% increase over the past 12 months
