ICE Close: Up on Bargain Hunting

Canola futures ended stronger on Tuesday, as the market corrected higher following recent losses.

Bargain hunting and strength in Chicago soybean futures offered support to canola.

However, Canada’s ongoing trade difficulties with China, large old-crop supplies and expectations for another big crop in 2019 tempered Tuesday’s gains. Strength in the Canada dollar today also helped to limit the advances.

May canola was up $2.50 at $458.30, July gained $3 to $467.10 and new-crop November climbed $3.50 to $480.60.

Source: DePutter Publishing Ltd.

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