Lower dollar, higher soy boost canola

Source: MarketsFarm, Producer.com, November 19, 2019

WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished higher on Tuesday with support from Chicago soyoil and a lower Canadian dollar.

The loonie was down mid-afternoon Tuesday at 75.37 U.S. cents, after closing Monday at 75.68.

Soyoil on the Chicago Board of Trade gained almost a third of a cent.

A Winnipeg-based trader noted canola remains range-bound despite recent gains.

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