ICE canola futures follow soyoil higher
WINNIPEG, Manitoba, Nov 27 (Reuters) - ICE canola futures rose on Monday, following rising prices of soyoil and ending a three-day skid.
Canola's gains lagged those of soyoil on a percentage basis in spread trading, reversing spreads that had previously involved buying canola and selling soyoil, a trader said.
January canola RSF4 gained $7 to settle at $702.30 per metric ton.
January-March canola spread, the most active inter-month spread, traded 7,973 times.
Chicago grain and soybean futures tumbled after the Thanksgiving holiday weekend, pressured by slow demand and technical selling.
Euronext February rapeseed futures /COMG4 edged higher.
*All figures in Canadian dollars unless noted
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