Glacier FarmMedia | MarketsFarm – The ICE Futures canola market made double-digit gains on Tuesday morning, supported by rising comparable oils.
Chicago soyoil, European rapeseed and Malaysian palm oil were all in positive territory. Crude oil was up US$1 per barrel after OPEC+ announced it will extend its supply cuts to March.
The Canadian dollar was up one-tenth of a United States cent compared to Monday’s close, capping gains.
Nearly 12,700 contracts were traded. Prices in Canadian dollars per metric ton as of 8:36 CST:
Jan. 593.50 up 11.90
Mar. 604.50 up 10.80
May 615.20 up 10.60
Jul. 617.60 up 9.80
