Canola futures were mostly higher on Wednesday, with declines in the much more deferred positions.
Support came from European rapeseed and Malaysian palm oil, both of which hit new contract highs. Spillover support also came from gains in the Chicago soy complex. A lack of selling and the ongoing tight supply situation further underpinned values.
The Manitoba government reported the harvest of major crops in that province has reached 90% finished, with canola at 94% done and cereals virtually complete.
November canola gained $8.50 to $894.20, January was $8 higher at $883 and March added $6.40 to $871.60.
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