ICE canola futures jump on trade relief
WINNIPEG, Manitoba, June 30 (Reuters) - ICE canola futures jumped on the resumption of Canada-U.S. trade deal talks on Monday.
• Traders had a vexing weekend between U.S. President Donald Trump's announcement that he was suspending Canada-U.S. trade talks on midday Friday, Canadian Prime Minister Mark Carney's Sunday decision to ditch the tax that Trump was angry about, then the Monday morning announcement that the trade talks were back on.
• November canola RSX5 settled up almost two and a half percentage points at $709.70 per metric ton, a gain of $16.80. The liquidating July contract RSN5 settled up $16.60 at $699.80.
• Canola's strength is underpinned by continuing dry weather in Western Canada, which is raising questions about yield expectations for the crop presently growing, traders said.
• Chicago Board of Trade soybean futures Sv1 fell and soyoil futures BOv1 were little moved as U.S. Department of Agriculture stocks reports found more-than-expected supplies of soybeans.
• Euronext August rapeseed futures COMG5 fell 0.32%.
• Malaysian palm oil futures FCPOc3 fell 0.57%. POI/
• The Canadian dollar CAD= was hit by the Trump trade post over the weekend, but it strengthened Monday after the trade talks resumed. CAD/
Related Articles
Circle’s Next Chapter: Not Just Stablecoins, But a Payments Network
TradingKey - Stablecoins are meeting real-world demand, especially in emerging markets where payment systems are oftenfragmented, access to the traditional banking system is limited, or capital controls restrict seamless global flows.
Investing in Robotics & Automation
Robotics and automation are a structural megatrend driven by labor shortages, supply chain shifts, and the push for efficiency.The investment landscape spans industrial leaders, healthcare innovators, logistics adopters, and semiconductor enablers.
September Global Central Bank Divergence: How Will U.S. Stocks and Forex Markets Move?
TradingKey - Despite the divergence in monetary policies among major global central banks in September (with the Federal Reserve cutting rates while the European Central Bank, Bank of England, and Bank of Japan maintain steady rates), we expect the policy directions of the Fed, ECB, and BoE to...
What Is Worldcoin? Why Did WLD Surge Suddenly, and What’s Next?
Worldcoin is evolving from a “hype token” into a foundational layer for global identity. Its fusion of biometrics, blockchain, and financial inclusion has earned growing recognition from users and institutions. If it can overcome technical hurdles, launch real-world payment use cases, and stabilize
Bitcoin Price Forecast: Trends and Investment Outlook from 2025 to 2030
From $0.01 in 2009 to $120,000+ in 2025, Bitcoin has evolved from obscurity to a globally recognized financial asset. While institutions and governments increasingly embrace it, investors must remain vigilant against volatility, security risks, and scams.
