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ICE canola futures stick with vegoils

ReutersMar 26, 2025 7:32 PM

- ICE canola futures rose in lockstep with other vegoils on Wednesday, at the high end of a recent range.

• May canola RSK5 settled up $16.70 at $588.90 per metric ton. The July contract rose less than half as much, with a $6.90 rise to $594.90, narrowing the May-July spread. At $595.60, November RSX5 is at a very narrow spread to July.

• Traders said the canola market is in a sit-and-wait attitude, awaiting news on U.S. tariffs, and following other vegoils.

• Chicago Board of Trade soyoil futures BOv1 rose 0.8%.

• Euronext rapeseed futures COMc1 rose 1.38% in a continuing rally, and Malaysian palm oil futures FCPOc3 rose 0.53%. POI/

• The Canadian dollar CAD= edged lower. CAD/

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