All figures in Canadian {dollars} until famous
All figures in Canadian {dollars} until famous
CHICAGO, Feb 28 (Reuters) – ICE canola futures fell on Friday as a part of a broad-based commodity sell-off as fears concerning the coronavirus slowing the worldwide financial system brought on merchants to shut out positions in dangerous property, merchants mentioned.
The Could and July contracts hit new all-time lows.
Cut price shopping for pulled the canola market from its session lows late within the day.
Could canola settled down 30 cents at $456.30 a tonne, bottoming out at $451.20.
For the week, the Could contract fell 2.4%, its third straight week of declines.
Could-July canola unfold traded 3,081 instances.
Soybean futures 0#S: weakened on Friday, reversing course after three days of good points as equities and power markets prolonged their steep selloff because the fast-spreading virus raised fears of a worldwide recession. GRA/
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