ICE Canadian canola futures rose for a second straight session on Wednesday, boosted by a weakening Canadian dollar.
"Canola is looking attractive to all potential international buyers due to the unbelievable demise of the Canadian dollar," said Wayne Palmer, senior market analyst at Exceed Grain Marketing.
The Canadian dollar fell the most in 10 years as coronavirus-driven financial market stress, including plunging oil prices, had more impact than a fiscal stimulus package from Ottawa.
Canadian Prime Minister Justin Trudeau said his government would provide C$27 billion ($18.6 billion) in support directly to families and businesses struggling because of the coronavirus outbreak.
May canola gained $4.10 to $457.40 per tonne.
May-July canola spread traded 3,460 times.
US corn futures fell to their lowest level in 3-1/2 years, with falling prices for crude oil cutting into demand from the ethanol market, while soyabeans rose.
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