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Markets Print edition: 2020-11-03

Canadian canola futures rise

Published November 3, 2020 Updated November 3, 2020 02:50am
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By Reuters
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WINNIPEG: ICE Canadian canola futures rose on Friday for a second straight day, lifted by strength in soyaoil prices.

"There's a bit of confusion going on right now," a broker said of the canola market, adding that pandemic concerns cloud demand for turning canola into biodiesel. Canola has swung recently from three-year highs to sharp losses.

Most-active January canola gained $3.40 to $542.60 per tonne.

January-March canola spread traded 5,698 times.

US soyabean futures firmed on export demand.

Euronext February rapeseed futures rose and Malaysian January palm oil futures dipped.-Reuters

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