ICE Close: Nearby Months Finish Above C$1,000

Canola futures were mostly higher on Friday, backing away from much larger increases earlier in the session.

Significant upticks in global crude oil prices gave way to smaller increases, taking away a measure of support for edible oils. However, canola still benefitted from gains in the Chicago soy complex, Malaysian palm oil and European rapeseed.

March canola was up $10.50 at $1,017.60, May added $1.40 to $1,000.40 and new-crop November was $4.60 higher at $836.20.

Source: DePutter Publishing Ltd.

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