WINNIPEG, Manitoba--ICE Futures canola contracts were stronger on Thursday, seeing a continuation of Wednesday's rally.
- Solid end user demand in the countryside remained a supportive influence, as exporters and domestic crushers work to secure old crop supplies ahead of the looming harvest.
- Chart-based positioning contributed to the gains as the November contract moved back above the psychological C$800 per tonne level.
- However, a steady to softer tone in Chicago soybeans and soyoil tempered the upside in the Canadian oilseed.
- Crude oil was also down on the day, while European rapeseed and Malaysian palm oil were higher.
