Canola futures posted strong gains Tuesday, vaulting higher with advances in vegetable oil prices.
Chicago soybean oil moved higher on the day, as did palm oil and European rapeseed futures, which are bouncing on ideas that production losses there will set the stage for more imports.
Meanwhile, US crop futures had a relatively quiet day on Monday, when the Canadian markets were closed for the Canada Day holiday.
November canola jumped $24 to $651.10, and january was up $23.50 at $658.40.
