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Canola futures fell below C$600/tonne on Jan. 2, 2026, due to weak demand and oversupply.
Canola futures on ICE dropped below C$600 per tonne for the March contract on January 2, 2026, driven by weak global oilseed prices, persistent supply surpluses, and sluggish Chinese demand.
Light trading volume and ongoing concerns over oversupply weighed on markets, though some technical indicators suggested potential for a rebound.
Prices for other contracts also declined, while Chicago soyoil held steady and crude oil fell amid supply concerns.
The Canadian Grain Commission was set to release its Week 21 report later in the day.
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Los futuros de canola cayeron por debajo de C$600/tonelada el 2 de enero de 2026, debido a la debilidad de la demanda y el exceso de oferta.