Canola futures were back in the black on Thursday after ending lower for the first time this week a day earlier.
Good gains in the Chicago soy complex – linked to reports that US President Donald Trump and Chinese leader Xi Jinping may use their planned April meeting to extend the trade truce between the two countries – helped to power canola higher. European rapeseed was also higher on the day, but palm oil was mixed. A weaker Canadian dollar was supportive for canola as well, while crude oil finished weaker.
March canola gained $5.10 to $667.80, and November was up $5.10 at $680.
