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Canadian canola futures surge at ICE on oil and soy strength

ICE canola futures in Winnipeg jumped by mid-session Tuesday, with support from strong crude oil gains and higher Chicago soy prices. European rapeseed and Malaysian palm oil also rose.

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WINNIPEG, Manitoba--Intercontinental Exchange canola futures shot up by mid-session Tuesday, gleaning support from strong increases in crude oil and the Chicago soy complex.Additional support came from upticks in European rapeseed and Malaysian palm oil.Close to session highs An analyst said canola…