ICE Close: Soyoil Strength Underpins Canola 


Canola futures finished higher on Tuesday, with strength in Chicago soybean oil helping underpin the market. 

Gains in U.S. soybeans and the broader grain complex added spillover support. Crude oil also recovered from earlier losses to finish roughly steady, limiting pressure from the energy side. Malaysian palm oilwas mostly lower, while European rapeseed weaker was mixed, with the November contract lower. 

The gains came despite a firmer Canadian dollar.  

November canola was up $6.40 at $825.80, and January gained $6.20 to $839. 



Source: DePutter Publishing Ltd.

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