ICE Close: Little Change for Canola Values

Canola futures were little changed on Tuesday, as traders were reluctant to aggressively push the market one way or the other.

Canola received support from strong gains in Chicago soyoil, although lower soymeal and just minor soybean gains weighed on values. Some support for the market also came from slow farmer selling amid spring road bans.

On the other hand, uncertainty amid the global covid-19 pandemic remained a feature.

May canola was steady at $467.50, while and July and November each closed 40 cents higher at $476 and $483.

Source: DePutter Publishing Ltd.

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