Glacier FarmMedia — The ICE Futures canola market was posting solid gains at midday Tuesday, as optimism over thawing trade relations with China provided support.
China’s ambassador to Canada told reporters via translator over the Thanksgiving weekend that if Canada removed its tariffs on Chinese electric vehicles China would remove its own levies on Canadian products.
“China’s tariffs on Canadian agricultural products are a countermeasure against the EV tariffs and the unilateral unjustified tariffs on China’s steel and aluminum products,” ambassador Wang Di told CTV’s Question Period, adding “if Canada is ready to correct this practice, China will also respond accordingly.”
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Canadian Financial Close: C$ weakens with crude oil
Glacier FarmMedia — The Canadian dollar weaker on Tuesday, pressured by losses in crude oil. The Canadian dollar settled…
Losses in the Chicago soy complex tempered the upside in canola. European rapeseed and Malaysian palm oil were also lower.
An estimated 51,000 canola contracts traded as of 10:34 CDT.
Prices in Canadian dollars per metric tonne at 10:34 CDT:
Canola Nov 614.60 up 7.20
Jan 629.50 up 6.90
Mar 641.10 up 6.70
May 651.30 up 6.40
Access the latest futures prices at https://www.producer.com/markets-futures-prices/
