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ICE Canola Falls 1.98% on Tuesday, Reversing Monday Gains as Soybeans and European Canola Decline

2026-07-14 23:40:52

PALM-16.76%

According to reports, canola futures on the Intercontinental Exchange (ICE) closed down 1.98% on Tuesday, July 15, erasing all gains from the previous session as the market reversed course. Declines in Chicago soybean futures and European canola prices pressured Canadian canola, though gains in international crude oil and Malaysian palm oil prices provided some support. The Canadian dollar strengthened to 71.07 cents per U.S. dollar, up from 70.70 cents on Monday.

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