WINNIPEG – The ICE Futures canola market was higher on Tuesday morning, receiving support from rising crude and vegetable oil prices.
Crude oil made gains due to the ongoing shutdown of the Keystone pipeline as well as the further easing of COVID-19 deadlines in China.
Chicago soyoil was also higher, as well as European rapeseed and Malaysian palm oil.
The Canadian dollar was up by nearly six-tenths of a United States cent.
About 9,200 canola contracts were traded as of 8:40 CST.
Prices in Canadian dollar per metric ton as of 8:40 CST:
Jan. 885.40 up 12.70
Mar. 865.60 up 11.30
May 858.60 up 9.30
Jul. 853.90 up 7.30
