ICE Close: Canola Posts Gains with Soy Complex

Canola futures ended higher on Tuesday, taking back some of Monday's losses.

Gains in the Chicago Board of Trade soy complex provided some spillover support, with Malaysian palm oil and European rapeseed futures up overnight as well.

While scattered showers were hitting parts of Western Canada on Tuesday and smoke from wildfires was moderating temperatures, crop conditions remain poor overall with the recent heat and dryness already cutting into yield prospects.

November canola was up $11 at $909.10, January was $11.70 higher at $891.40 and March gained $13.30 to $874.

Source: DePutter Publishing Ltd.

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