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Markets Print edition: 2022-03-03

ICE canola

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By Reuters

WINNIPEG, (Manitoba): ICE canola futures surged nearly 5% on Tuesday, heading for their best session since July, as Russia’s invasion of Ukraine stranded vegetable oil and grain supplies in the Black Sea region.

Most-active May canola jumped $47.20 to $1,079.90 per tonne. May-July canola spread traded 3,399 times.

Chicago wheat and corn futures soared by their daily limits as the market grappled with the halt to Ukraine shipments. Euronext May rapeseed futures also rose sharply.

Wheat ICE canola Black Sea Russia’s invasion of Ukraine

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