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ICE canola futures edge up

ReutersApr 10, 2025 7:10 PM

- ICE canola futures crawled higher on Thursday as the mood in vegoil markets continued to be optimistic about demand.

• May canola RSK5 settled up $3.60 at $654 per metric ton. July RSN5 had a similar gain, but new-crop November RSX5 saw only a 30-cent gain to $636.90.

• Sentiment in canola remains positive, traders said, with tight stocks and continuing Chinese demand for seed keeping prices at levels that encourage farmer sales. Prices around $650 per ton are also seen as encouraging farmers to stick with canola acres for the crop they are about to plant, even if November prices are at a discount to present prices.

• Chicago Board of Trade soyoil futures BOv1 rose 0.28%.

• Euronext rapeseed futures COMc1 rose 0.84% and Malaysian palm oil futures FCPOc3 rose 1.28% on strength in Dalian vegoil markets. POI/

• The Canadian dollar CAD= had strong gains against the U.S. dollar USD=. CAD/

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