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ICE canola futures flat on down day for soyoil

ReutersFeb 19, 2025 8:05 PM

All figures in Canadian dollars unless noted

- ICE canola futures were near flat Wednesday despite weakness in soyoil, which often sets its direction.

• Most-traded May RSK5 rose 60 cents to $674 per metric ton. March RSH5 rose 40 cents to $662.30.

• Traders said canola is showing resilience after rising about $85 per ton since the November lows and more than $55 since the lows in January. The recent trading range keeps canola at recent highs.

• Chicago Board of Trade soyoil futures BOv1 fell 0.99% but retained much of Tuesday's gains.

• Euronext rapeseed futures COMc1 fell 0.7% and Malaysian palm oil futures FCPOc3 jumped 3.73% Wednesday on production concerns and commercial buying. POI/

• The Canadian dollar CAD= weakened but stayed at two-month highs. CAD/

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