ICE canola futures rally, Canada sees lower 2024 output
All figures in Canadian dollars unless noted
Sept 16 (Reuters) -ICE canola futures rallied on Monday in a turnaround from steep losses last week.
Canola production in Canada was down by 1.1% in 2024 compared with a year earlier, Statistics Canada said in a survey.
ICE November canola RSX4 climbed $22.90 to $564.70 per metric ton after setting a contract low at $538.80.
January canola RSF5 jumped $22.40 to end at $578.30 per metric ton.
The Canadian dollar steadied against its U.S. counterpart but lost ground against most other Group of 10 currencies as investors awaited domestic inflation data and an interest rate decision by the Federal Reserve.
Chicago Board of Trade December soyoil BOZ24 rose 0.18 U.S. cent to close at 39.11 U.S. cents per pound after falling earlier to its lowest price since Aug. 19.
Euronext November rapeseed futures COMX4 crept about 0.3% higher and Malaysian palm oil FCPOc3 dropped 2%. POI/
Reporting by Tom Polansek; Editing by Shounak Dasgupta
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