Canola futures ended little changed on Tuesday, posting just minor advances.
The canola was initially under pressure amid weakness in other vegetable oils but managed to close in positive territory.
The Canadian dollar was higher today, following a Statistics Canada report that Canada’s annual inflation rate rose 2.4% in September, compared with a 1.9% increase in August. The increase was above economist expectations and has now raised doubt about a possible Bank of Canada rate cut later this month.
November was up 20 cents at $615.60, and January was a dime higher at $630.10.
