Strength in palm oil and European rapeseed helped to push canola futures higher on Tuesday.
Solid gains in Chicago soybeans and soybean oil added to the upside in canola, as did advances in crude oil. Strong demand and subpar Canadian yields are also helping to prop up canola, even as the Brazil soybean planting improves. On the other hand, the Canadian dollar was higher.
November canola gained $12.60 to $632.70, and January was up $13.60 at $644.50.
