Canadian canola futures firmer

20 Jul, 2018

ICE Canadian canola futures firmed on Tuesday, rebounding from Monday's nine-month low on spillover strength from US soyabean futures and a weaker Canadian dollar, traders said. November canola settled up 90 cents at $488.30 per tonne, one day after dipping to $484.20, its lowest since October 3.
US Chicago Board of Trade soyabean futures rose on lower-than-expected US crop ratings and hopes for increased export demand from China, after US soya shipments have declined over the trade war with Beijing. November Paris Matif rapeseed futures rose 0.34 percent while Malaysian October crude palm oil fell 0.09 percent.

Read Comments