WINNIPEG, (Manitoba): ICE canola futures traded mixed on Tuesday, underpinned by stronger prices of rival oilseeds.
Investors are getting “twitchy,” trying to decide which direction canola prices are headed, resulting in two-sided trading, a trader said.
March canola dipped 70 cents to $995.20 per tonne. Later months gained ground. March-May canola spread traded 5,922 times.
US soybean futures rose as traders weighed mixed crop prospects in South America and signs of healthy demand for US supplies. Euronext May rapeseed futures also climbed.
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