ICE Close: Soyoil Strength Boosts Canola 

Market news
April 01, 2024


Gains in Chicago soyoil helped to lift canola futures to gains to open the week. 

Strength in crude oil added to the upside in canola, with the latest Canadian Grain Commission statistics considered positive for the market as well. 

Canola exports for the week ended March 24 were reported at 244,700 tonnes, one of the strongest weeks so far in the 2023-24 marketing year. 

May canola gained $7.80 to $634.20, July added $6.70 to $642.80, and November was $5.70 higher at $650.80. 

Source: DePutter Publishing Ltd.

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