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WINNIPEG, (Manitoba): ICE canola futures climbed on Tuesday, boosted with European rapeseed and Chicago soybean oil by ongoing concerns about Ukrainian farm exports. Poland agreed to lift a ban on the transit of Ukrainian grain and food products, but Ukraine said a wartime deal allowing it to safely ship grain from Black Sea ports was still under threat.
Strong bids by Canadian crushers added to canola’s strength, a trader said. Most-active July canola gained $6.80 to settle at $753.30 per tonne.