Canola contracts closed out with double-digit gains on Wednesday. The oilseeds were buoyed by bullish sentiment in canola and the soybean complex. In Winnipeg, futures continued to rise, making up for the losses of the past few days. The soy complex was also able to gain across the board yesterday and benefited noticeably from the news that the corona measures were being relaxed in China. In addition, the USDA's report that there was a new export deal for 136,000 tons of soybeans provided additional bullish impetus. In Argentina, the reintroduction of the so-called soy pesos has led to a significant increase in export business. Market participants reported that sales almost doubled, reaching a weekly volume of 567,815 tons. On the crude oil market, both WTI and Brent made slight gains yesterday. The main reason for the green sign was the report that crude oil inventories had fallen to 12.6 million barrels.
