Canadian canola futures rise October 12, 2013

October 12, 2013

Canadian Canola
Canadian Canola

ICE Canada canola futures rose on Thursday to a nearly three-week high, helped by exporter short-covering and a slowdown in farmer selling. Higher prices for rapeseed, palm oil and soybeans also nudged canola higher. Saskatchewan government reported canola harvest in that province was 88 percent complete, with average yield of 38 bushels per acre. November canola gained $4.80 at $487 per tonne. Touched $489.60, the highest nearby price since September 20. Courtesy: Reuters


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