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ICE canola futures edges higher on vegoil strength

ReutersFeb 11, 2025 8:20 PM

All figures in Canadian dollars unless noted

- ICE canola futures edged higher Tuesday on general vegoil strength.

• March canola RSH5 settled up $2.80 at $664.60 per metric ton, the fourth day of gains at the highest prices since mid-November.

• Traders said the U.S. Department of Agriculture supply and demand reports released Tuesday did not undermine the bullish sentiment around vegoils.

• Chicago Board of Trade soybean futures Sv1 fell 0.57% on the USDA confirmation of a 5-year high in stocks. Soyoil futures BOv1 rose 0.85% on tight North American vegoil stocks.

• Euronext rapeseed futures COMc1 rose 1.26% following Monday strength in Malaysian palm oil futures FCPOc3. POI/

• The Canadian dollar CAD= was rangebound. CAD/

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