CHICAGO: ICE Canadian canola futures firmed on Monday, supported by crusher buying and export demand, traders said.
Prices ended in positive territory after trading both sides of unchanged as commercials hedged their positions after making cash market purchases in recent days.
But end users stepped in on the dips and gains in the soyabean market lent additional support, a trader said.
Most-active January canola added $2.60 to settle at $548.50 per tonne.
January-March canola spread traded 2,550 times.
US soyabean futures reached a new four-year high on Monday as the first successful data from a late-stage COVID-19 vaccine trial fueled hopes of the economy recovering quickly from the pandemic-driven crisis.
Euronext February rapeseed futures and Malaysian January palm oil futures rose.-Reuters
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