Canola futures ended with small gains on Tuesday, with strong advances in Chicago soybean oil offering support.
Palm oil was also a strong performer on the day, while European rapeseed posted more modest gains. Reports also cited slow Prairie farmer selling as a supportive factor, as producers await a possible agreement with China that will see that country’s prohibitive tariffs on imports of Canadian canola finally lifted.
January canola gained $1.20 to $656.40, and March was $1.90 higher at $668.60.
