ICE canola futures rise with soyoil
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ICE canola futures increased alongside Chicago soyoil, with January canola rising $1.70 to $634.20 per metric ton. Optimism about a potential U.S.-China trade agreement, particularly regarding Canadian canola, is growing due to ongoing discussions between Canadian officials and their Chinese counterparts. Meanwhile, Chicago soyoil futures rose 0.99%, and Euronext rapeseed futures increased by 1.23%. In contrast, Malaysian palm oil futures fell by 1.11%. The Canadian dollar also showed slight strengthening.
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