Glacier FarmMedia – Canola futures on the Intercontinental Exchange were slightly higher in the middle of Tuesday trading, looking to extend the rally to a fifth-straight session.
Canola prices were supported by added gains in Chicago soyoil, but an analyst warned the latter may be overbought. European rapeseed was higher, while Malaysian palm oil was lower. Crude oil prices declined ahead of planned talks between the United States and Iran on Thursday.
The Canadian dollar was down more than one-tenth of a U.S. cent compared to Monday’s close.
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By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange eased back on Tuesday morning due to a…
About 45,100 canola contracts have traded at 10:13 CST. Prices in Canadian dollars per metric tonne:
Price Change
May 691.20 up 2.20
Jul 702.10 up 2.50
Nov 695.30 up 3.50
Jan 702.80 up 3.80
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