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Markets Print edition: 2021-11-14

ICE canola surges

Published November 14, 2021 Updated November 14, 2021 04:12am
By

WINNIPEG, Manitoba): ICE canola futures surged to a record high on Friday, tracking gains in soybeans. Canola buying also reflects "inflation hype," a broker said. The crop is in short supply after a Canadian drought this year.

Most-active January canola gained $20.90 to $1,025.30 per tonne. The contract set a record high for canola of $1,028.90. January-March canola spread traded 2,105 times.

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