Glacier FarmMedia – Canola futures on the Intercontinental Exchange were under pressure in the middle of trading on Tuesday with negative sentiment in comparable oils.
Chicago soyoil showed losses, while European rapeseed and Malaysian palm oil were also negative. Crude oil was also down despite easing concerns over United States-China relations and oversupply. All of these factors are pressuring canola prices.
The Canadian dollar was up one-tenth of a U.S. cent compared to Monday’s close.
About 36,600 canola contracts have traded at 10:16 CDT. Prices in Canadian dollars per metric tonne:
Price Change
Nov 614.40 dn 1.00
Jan 628.80 dn 1.20
Mar 640.90 dn 0.40
May 650.90 dn 0.30
To access the latest futures prices, go to https://www.producer.com/markets-futures-prices/
