ICE Close: Canola Finally Ends its Slide  

Canola futures ended higher for the first time in 10 days on Thursday, despite being in the red during most of trading.  

Chicago soyoil was up on the day, while European rapeseed and Malaysian palm oil were both lower. After going into freefall on Wednesday, crude oil gained approximately US$1.50/barrel today, offering some support to canola. 

May canola gained $4.80 to $755.80, July was up $4.50 at $752.10, and November was $5.30 higher at $734.70. 

Source: DePutter Publishing Ltd.

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