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Markets Print edition: 2020-05-07

Canadian canola futures higher

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By BR Web DeskRecorder Report

ICE Canadian canola futures edged higher on Tuesday, lifted by stronger soyabean and soyaoil prices.

Light buying in thin overall volume was enough to push canola up, and choppy trading is seen ahead of Thursday's Canadian government crop reports, a trader said.

Most-active July canola added 70 cents to $464.30 per tonne. July-November canola spread traded 4,541 times. Statistics Canada on Thursday will estimate planting intentions as well as crop stocks as of March 31, 2020.

Copyright Reuters, 2020

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