By Marlo Glass, MarketsFarm
WINNIPEG, March 2 (MarketsFarm) – The ICE Futures canola market started the week in the green, supported by strength in comparable vegetable oils and a tentative agreement between the Canadian government and Wet’suwet’en nation.
After weeks of protests closed large sections of CN Rail’s railway networks, a tentative agreement between the Wet’suwet’en nation and the Canadian government has been reached. However, the proposed arrangement will be reviewed by the Wet’suwet’en people before the blockades will be taken down.
A stronger tone in soyoil on the Chicago Board of Trade provided spillover support to canola values.
About 3,200 canola contracts had traded as of 8:40 CST.
Prices in Canadian dollars per metric ton at 8:40 CST:
Price Change
Canola May 460.40 up 3.30
Jul 467.90 up 3.90
Nov 478.40 up 3.20
Jan 484.90 up 3.10
ICE canola stronger on Monday
explore
Stories from our other publications
