ICE Close: Double-Digit Gains for Canola to End Week 


Canola futures posted double-digit gains on Friday, enjoying spillover support from advances in Chicago soybean and soybean oil futures. 

Increased optimism regarding trade with China following a phone call this week between US President Donald Trump and Chinese President Xi Jinping bolstered soybeans and soyoil.  

Additional support came from gains in European rapeseed and palm oil. 

July canola was up $11.90 to $710.80, and November added $11.40 to $692.60. 




Source: DePutter Publishing Ltd.

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