By Glen Hallick, MarketsFarm
WINNIPEG, Nov. 2 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were lower on Monday morning, due to weakness in the Chicago soy complex.
There were also declines in European rapeseed and Malaysian palm oil.
The Canadian dollar is higher at 75.36 U.S. cents, compared to Friday’s close of 75.09.
The United States markets could be skittish on the final day of campaigning in the country’s elections as tomorrow’s outcome could lead to further political turmoil.
About 3,400 canola contracts had traded as of 8:43 CST.
Prices in Canadian dollars per metric tonne at 8:43 CST:
Price Change
Canola Jan 540.40 dn 2.20
Mar 545.00 dn 2.60
May 542.20 dn 3.90
Jul 540.40 dn 3.90
