ICE November canola futures set a new record high of C$550.30 per metric ton during the trading day on Wednesday. Northern Crops Marketing and Investments president Brad Paulson thinks a combination of spread unwinding and rumors of a short sunflower crop in Russia may be the reason. “There’s an on-going discussion that Russia’s sunflower crop is poor. They were talking about putting export quotas on their sunflower oil and sunflowers.”
