Palm oil up on strong demand, weather concerns
KUALA LUMPUR, Nov 25 (Reuters) - Malaysian palm oil futures advanced for a second day as export data signalled a strong recovery in demand at a time when heavy rains may curb production.
"Exports were very good although they were just a rebound from last month's not so great numbers," said a trader with a foreign commodities brokerage.
Monsanto boosts investment in Canada canola
WINNIPEG, Manitoba, Nov 24 (Reuters) - Monsanto Co has raised its spending on canola research and development to between C$20 million and C$30 million ($19.8 million to $29.7 million), roughly the same investment the company puts into wheat, the president of its Canadian operation said.
Acreage and production of canola, Canada's No. 2 crop after spring wheat, have expanded in the past decade amid strong global demand for vegetable oil and big profits for farmers.
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