ICE canola futures move higher

WINNIPEG: ICE canola futures closed higher on Tuesday, following advances in allied US soy markets.

Front-month July canola settled up $6.70 at $896.70 per tonne.

Most-active November canola rose $23.60 to finish at $738.80 per tonne.

US soybean futures rose 1.2% on concerns hot and dry weather in parts of the US Midwest will stress the crop during early development stages.

Euronext August rapeseed futures rose 3.3% while Malaysian August palm oil futures fell 0.7%.