Canola futures moved higher on Tuesday, taking some support from gains in Chicago soybean oil.
European rapeseed was also higher on the day, although losses in soybeans, palm oil and crude oil limited canola’s advances.
Prairie weather was largely unchanged from a day earlier, with rain continuing to fall from southwestern Alberta into southwestern Saskatchewan. However, the remainder of Western Canada is expected to be mostly dry for the rest of this week.
November canola was up $8.20 at $690.80, and January climbed $8 to $698.90.
