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Canola futures fell Monday on a stronger Canadian dollar and lower oil prices, despite global vegetable oil gains.
Canola futures dipped on Monday amid a stronger Canadian dollar and falling crude oil prices, despite gains in global vegetable oils.
The loonie rose above 73 U.S. cents, supported by resumed oil production in Kazakhstan, offsetting weekend U.S. refinery disruptions.
Trading volume hit nearly 19,100 contracts, with March canola at 650.70 Canadian dollars per metric ton.
Farmers in Saskatchewan are finalizing 2026 planting plans amid ongoing tariff uncertainty, particularly with China, and monitoring weather and supply risks from South America and the southern U.S.
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Los futuros de canola cayeron el lunes por un dólar canadiense más fuerte y precios más bajos del petróleo, a pesar de las ganancias globales del aceite vegetal.