WINNIPEG, Manitoba: ICE canola futures dipped on Tuesday for a second straight day, pressured by a stronger Canadian dollar. March canola lost $2.50 to $1,028.10 per tonne.
March-May canola spread traded 1,949 times. US soybean futures edged higher ahead of Wednesday’s key US Department of Agriculture reports, which will include updated estimates of US 2021 crop production and Dec. 1 inventories. Euronext May rapeseed futures slipped, and Malaysian March palm oil futures rose on concerns of tight supply.
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