WINNIPEG, Manitoba--The ICE Futures canola market made double-digit gains Tuesday morning, supported by rising comparable oils.

Chicago soyoil, European rapeseed and Malaysian palm oil were all in positive territory. Crude oil was up US$1 per barrel after OPEC+ announced it will extend its supply cuts to March.

The Canadian dollar was up one-tenth of a U.S. cent compared with Monday's close, capping gains.

Nearly 12,700 contracts were traded. Prices in Canadian dollars per metric ton as of 8:36 a.m. CST: 


 
           Price      Change 
Jan.      593.50    up 11.90 
Mar.      604.50    up 10.80 
May       615.20    up 10.60 
Jul.      617.60     up 9.80

Source: Commodity News Service Canada, news@marketsfarm.com


(END) Dow Jones Newswires

12-03-24 1002ET