ICE Close: Canola Gains for Third Day 


Canola futures finished higher for the third straight day on Wednesday, with advances in Chicago soybeans and soybean oil offering support. 

Soybeans were underpinned by news after the close on Tuesday that China had purchased at least another 10 cargoes of American soybeans. European rapeseed was mostly higher on the day, with palm oil also stronger, further underpinning canola. 

On the other side, lagging export demand kept the gains in check. 

January was up $3.60 at $651.70, and March was $3.70 higher at $665. 




Source: DePutter Publishing Ltd.

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