Prairie Rains Boost Canola Prices Amid Global Market Volatility
Canola futures prices rose on Tuesday, driven by excess rainfall in parts of the Canadian Prairies over the weekend. The increase was also influenced by buying interest spilling over from gains in crude oil and soyoil.
The ongoing conflicts in the Middle East and Black Sea region contributed to higher prices for soybeans and wheat, while corn futures settled with small losses in their most active months.