ICE Canola Futures Stronger
Bullish strength: 65/100
- January canola futures gained C$5.80 to C$788.90 per metric ton.
- Strength in Chicago soybean oil and Malaysian palm oil provided spillover support.
- Weekly canola exports increased to 238,000 tons from 215,100 tons.
Bearish strength: 35/100
- Crop-year-to-date canola deliveries increased 33% year over year to 5.4 million tons.
- European rapeseed prices were weaker during the session.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.