Canola Futures Slip $6.30/mt as Oil Falls

ICE canola futures fell on Wednesday, with July contract down $6.30/mt and November contract down $4.20 to $759.70.
Brent crude oil prices slipped as a quiet day in the Strait of Hormuz eased geopolitical tension in the Iran conflict.
Canadian dollar continued its decline trend that began on May 1, while soy oil fell 1.38% and soybeans rose 0.18%.
Euronext rapeseed fell 0.24%, Malaysian palm futures dropped 0.96%, and Trump’s China visit sparked hopes of Chinese mediation in Iran war.