ICE Review: Canola Continues to Climb
Bullish strength: 75/100
- ICE canola futures extended their gains on Friday.
- January canola approached the C$790-per-tonne level at C$788.
- Canadian weekly canola exports increased to 308,500 tonnes from 284,900 tonnes.
- Strength in Chicago soyoil and Malaysian palm oil provided additional support.
Bearish strength: 25/100
- Canadian domestic canola disappearance declined to 190,800 tonnes from 251,100 tonnes.
- Canola trading volume fell to 63,345 contracts from 81,997 contracts.
This is automated NewsSignalsAI analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.