ICE canola futures rise

05 Feb, 2023

WINNIPEG, (Manitoba): ICE canola futures rose on Friday after two days of losses, bucking a lower trend in soybean oil prices.

Canola is underpinned by fresh sales to China, a trader said, although this could not be confirmed.

Commercial buyers are also seen covering short positions. March canola gained $6.50 to settle at $831.60 per tonne.

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