ICE Close: New-Crop Prices Continue to Advance




New-crop canola futures saw another round of gains on Tuesday, while the old crop July contract remained in retreat.


Canola received spillover support from further gains in the Chicago soy complex. There was additional support from European rapeseed, while Malaysian palm oil incurred small declines.


The Prairie weather forecast calls for rain over the next three days over the eastern regions. Some localized areas could receive up to 50mm.


July canola was down $16.60 at $865.80, November was up $2.60 at $774.20 and January added $3 to $772.60.


Source: DePutter Publishing Ltd.

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