Canola futures ended a bit higher in back and forth trade on Wednesday.
Increasing optimism over trade with Chiona was a supportive factor, with the foreign ministers for both countries taking part in a telephone call on Tuesday. Wang Yi reportedly told his Canadian counterpart Anita Anand that China is willing to communicate and cooperate with Canada on various fronts. Ag Minister Heath MacDonald was also upbeat on canola trade prospects in an interview Monday following his trip to China.
Chicago soybeans were higher today, but soyoil lost ground. European rapeseed and palm oil were also lower.
January canola ended $1.90 higher at $647.40, and March was up $1.50 to $658.30.
