date:Jul 22, 2014
ICE Canadian canola futures fell on Monday to the lowest new-crop November price in over five months, reflecting weakness in soybeans and rapeseed. Canola's drop may also be due to long investors closing their position, or getting out of long canola, short soybean spreads, a trader said. Uncertainty continues about the size of the canola crop after heavy rains flooded large areas of Saskatchewan and Manitoba earlier this month.
November canola lost $6.80 to $436.50 per tonne at 8:18 am CDT (13