Canola futures finished mixed on Tuesday as the front months remained lower and the new-crop contracts were higher.
Gains in the Chicago soy complex, European rapeseed and Malaysian palm oil provided support for canola. Strong upticks in global crude oil prices spilled over into edible oils.
Tight canola supplies continued to underpin values, even as eyes turn towards spring planting. The start of seeding is expected to be delayed by a major snowstorm set to strike southern Manitoba and parts of eastern Saskatchewan.
May canola fell $9.30 to $1,157.60, July was down $7 at $1,135.40 and November was up $6.20 at $1,018.70.
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