Glacier FarmMedia — The ICE canola market was stronger Tuesday morning, as values continued to consolidate above nearby lows.
Gains in Chicago soybeans and soyoil provided spillover support, with European rapeseed and Malaysian palm oil also higher on the day.
Seasonal harvest pressure tempered the upside, with poor export demand also keeping the gains in check.
Canadian Prime Minister Mark Carney will meet with United States President Donald Trump in Washington on Tuesday, with any developments on tariffs or trade likely to provide some direction for the futures markets.
About 8,700 canola contracts had traded as of 8:38 CDT.
Prices in Canadian dollars per metric tonne at 8:38 CDT:
Canola Nov 612.90 up 5.40
Jan 625.90 up 5.50
Mar 637.50 up 5.50
May 647.40 up 4.90
To access the latest futures prices, go to https://www.producer.com/markets-futures-prices/
