WINNIPEG, Manitoba--Intercontinental Exchange canola futures finished Tuesday with small gains in choppy trading.

Support for canola came from a weaker Canadian dollar, which made its canola exports more palatable to international buyers.

As the United States dollar surged upward on the U.S. Dollar Index, the loonie fell back to 74.10 U.S. cents compared to Monday's close of 74.43.

Additional support came from upticks in Malaysian palm oil, European rapeseed, as well as Chicago soybeans and soymeal.

Losses in Chicago soyoil tempered canola's upside. Global crude oil prices were mixed, which provided little direction to vegetable oils.

There were 30,643 contracts traded on Tuesday, which compares with Monday when 12,804 contracts changed hands.

Spreading accounted for 17,750 contracts traded.

Prices are in Canadian dollars per metric tonne: 


 
 Canola 
        Price   Change 
 Mar    629.80  up 1.10 
 May    636.40  up 1.10 
 Jul    641.60  up 0.60 
 Nov    639.80  up 0.60

Spread trade prices are Canadian dollars and the volume represents the number of spreads: 


 
 Months                 Prices                  Volume 
 Mar/May        4.90 under to 7.10 under        6,841 
 Mar/Jul        10.50 under to 11.90 under        135 
 Mar/Nov        7.90 under to 10.10 under         103 
 May/Jul        4.70 under to 5.50 under        1,434 
 May/Nov        2.80 under to 3.20 under            3 
 Jul/Nov        2.40 over to 1.70 over            351 
 Nov/Jan        5.80 under to 6.40 under            8

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


(END) Dow Jones Newswires

01-16-24 1532ET