Canola futures managed small gains to end the week, following Chicago soybean oil futures higher.
Canola was also higher on Thursday when US markets were closed for the Thanksgiving Day holiday, but the strength looks like more like a pause in the sell off that began Nov. 12, rather than any lasting low.
Expectations of tighter supplies later in the 2024-25 marketing year continues to underpin canola, but tariff threats from US President-elect Donald Trump and the China anti-dumping investigation remain wildcards in the outlook.
January canola gained $2.80 to $574.10, and March was up $1.40 at $585.90.
