ICE Canola futures rose during mid-session trading on Tuesday due to Chinese firms' buying spree.
ICE Canola futures rose during mid-session trading on Tuesday, following market holidays in Canada and the US. The gains were attributed to Chinese firms' buying spree, but analysts noted that canola faced difficulties retaining its gains amidst pressure from other oils and global crude oil price losses. The Canadian dollar weakened, with the loonie at 73.99 US cents compared to 74.16 Friday's close.
February 20, 2024
4 Articles