Howard Leaman Oct 15/19
Canola traded on both sides of unchanged again on Tuesday, ending
higher. The market was supported by spillover buying from soy oil, palm oil
and European rapeseed as vegetable oil traders reacted to increased
optimism surrounding U.S./China trade talks. The delayed canola harvest in
western Canada continues to provide underlying support to canola, though
some traders argue that the market is not adding much weather premium yet.
The buying in canola was curbed by strength in the Canadian dollar,
and weakness in soybeans and meal. The Canadian dollar gained about a fifth
of a cent against the U.S. dollar.
Nov Canola 470.10 458.10
Jan Canola 477.10 466.60
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