ICE Midday : Canola Bounces Back Ahead of Winter Holidays
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Canola futures on the Intercontinental Exchange rebounded on Monday after three weeks of declines. An analyst attributed the upswing to lighter trading ahead of the holidays. Gains in Chicago soyoil, European rapeseed, Malaysian palm oil, and crude oil also supported canola prices. The Canadian dollar's slight increase limited canola's rise. Approximately 38,300 canola contracts were traded. Prices per metric tonne: Jan $595.10, Mar $606.40, May $617.70, Jul $627.00.
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