Markets Print edition: 2023-05-04

ICE canola futures rise

Published May 4, 2023 Updated May 4, 2023 04:26am
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WINNIPEG, (Manitoba): ICE canola futures rose on Tuesday on a modest resumption of buying after three sessions of notching nearly two-year lows.

With little selling of physical canola by Canadian farmers and commodity funds adding to short positions only on days when prices fall, even slight buying boosted the market, a trader said Most-active July canola gained $4.80 to settle at $709.40 per tonne.