tradingkey.logo

ICE canola futures stable on tariff relief confidence

ReutersMar 6, 2025 8:51 PM

- ICE canola futures had a slight gain Thursday on a day of multiple tariff-related headlines that failed to rattle the market.

• May canola RSK5 settled up $2.10 at $634.60 per metric ton. Other months had similar small gains.

• Throughout the day Trump administration officials made statements and comments that encouraged hopes among traders and canola users that tariffs on Canadian supplies might be postponed or permanently removed.

• After markets closed Trump verified comments from officials that at least some Canadian products would receive another 30-day reprieve from 25% tariffs that were imposed Tuesday.

• Chicago Board of Trade soyoil futures BOv1 rose 0.42%.

• Euronext rapeseed futures COMc1 rose for the first time in five sessions, gaining 0.8%. Malaysian palm oil futures FCPOc3 rose 1.43% despite trader worries over U.S. tariffs on China, Mexico and Canada, with strength in competing vegoils providing strength. POI/

• The Canadian dollar CAD= hit a 9-day high on hopes that Trump tariffs were going to be reduced, limited or dropped. CAD/

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI