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WINNIPEG, (Manitoba): ICE canola futures finished mixed on Tuesday, with weakness in soy futures holding back contracts for later delivery, but short-covering boosting the nearby contract.
Canola prices are weakening from still-high levels due to demand rationing and as farmers sell the new harvest, a trader said.
November canola gained $2.10 to $885.70 per tonne, helped by short-covering.
Most active January canola slipped 70 cents to $875 per tonne.
November-January canola spread traded 4,460 times.
US grain and soybean futures dropped on macroeconomic worries as the dollar strengthened and crude oil futures declined.
Euronext November rapeseed futures and Malaysian December palm oil futures rose.
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