ICE Close: Canola Nudges Higher in Volatile Trade

Canola futures closed slightly higher on Monday, after a volatile session highlighted by wide swings.

Some support for canola came from gains in European rapeseed, while declines in the Chicago soy complex and Malaysian palm oil weighed on values. Tightening Canadian canola supplies continued to underpin values.

May canola ended 20 cents higher at $739.40, July was up 50 cents at $705.30 and November gained 50 cents to $596.

Source: DePutter Publishing Ltd.

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