ICE Review : Canola Rebounds to Resume Rally
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Canola futures on the Intercontinental Exchange increased on Tuesday, influenced by Canadian Prime Minister Mark Carney's upcoming visit to China, where trade and agriculture will be discussed. Despite China's high tariffs on Canadian canola products, analysts suggest a slight chance of reductions. The U.S. Department of Agriculture's report indicates a higher Canadian canola carryout estimate for 2025-26. Meanwhile, the Canadian dollar fell slightly, and trading volume for canola contracts rose significantly compared to the previous day.
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