Canola Falls Hard Amid Profit-Taking
ICE canola futures took a hit on Friday due to profit-taking, while U.S. soybeans and corn saw gains in the market.
The August 21 afternoon grain and oilseed market update provided by MarketsFarm indicated that canola prices dropped as traders cashed out their profits.
In contrast, the U.S. grain and oilseed market experienced an uptick in soybean and corn prices, with wheat running into resistance.