Canola is Up with Soybeans

Canola futures ended modestly higher, with spillover support from gains by U.S. soybean and soy oil futures.

The gains by would likely have been larger if not for a weekly crop report from the government of Saskatchewan which indicated that crops in the province are generally late but have benefitted from a recent run of warmer, wetter weather.

In addition, dry areas of Manitoba have been getting timely precipitation this week.

November canola gained $1.40 to $447.20, January rose $1.60 to $454.50 and March was up $1.80 at $461.30.

Source: DePutter Publishing Ltd.

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