ICE Canada Morning Comment : Finding Positive Traction
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Intercontinental Exchange canola futures rose on Tuesday morning, recovering from previous losses, supported by gains in the Chicago soy complex, Malaysian palm oil, and MATIF rapeseed. Canola crush margins increased slightly, with exports improving to 96,200 tonnes for the week ending Dec. 21, totaling 2.54 million tonnes year-to-date. The Canadian dollar fell to 73.00 U.S. cents. Trading activity included approximately 6,450 contracts, with January canola at C$591.80, March at C$605.10, May at C$615.90, and July at C$624.40, all showing increases.
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