Canola futures posted modest gains on Thursday, with the market finishing higher for the fourth straight day and testing the high made in August.
Strength came from gains in palm oil and European rapeseed. Chicago soyoil was higher as well, although soybeans closed lower on the day.
Figures released by the Canadian Grain Commission showed canola exports for week 8 of the 2024-25 marketing year at 86,700 tonnes, well down from 228,600 tonnes the previous week but still way up on the year. At 237,800 tonnes, domestic disappearance was up from 217,400 a week earlier and 14% higher on the year.
November canola gained $4.10 to $622, and January was $4.50 higher at $636.
