Canadian canola halts three-day skid

September 20, 2013

Canadian Canola
Canadian Canola

ICE Canadian canola futures halted a three-day skid on Wednesday, lifted by higher soybeans and weakness in the Canadian dollar early in the session. Most of Western Canada forecast to be frost-free into early next week, according to Environment Canada, allowing late-developing crops to mature. November canola gained $3.30 to $492.70 per tonne. January added $3.10 to $501.20. November-January spread narrowed to a January premium of $8.50, trading 2,241 times. Chicago November soybeans rose 5-1/4 US cents at US $13.47-3/4 per bushel. Courtesy Reuters

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