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ICE Close: Canola Ends Higher after Choppy Start

Canola futures found traction and closed higher on Friday after bouncing back and forth to either side of unchanged earlier in the day. 

Support came from good gains in Chicago soyoil, but further gains were tempered by losses in soybeans, soymeal and European rapeseed. Small upticks in global crude oil prices lent some spillover support to vegetable oils. The Malaysian palm oil market was closed for a holiday.  

Harvest progress across the Prairies continued to have a bearish effect on canola. However, rain over parts of Alberta and Manitoba on Friday did delay fieldwork in some cases.   

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Nebraska Agricultural Youth Institute - Steve White

Video: Nebraska Agricultural Youth Institute - Steve White

The Nebraska Agricultural Youth Institute is a weeklong experience for high school juniors and seniors from across Nebraska to learn more about career opportunities within agriculture. Steve White has more on this educational experience.