ICE canola adds onto losses

Glacier FarmMedia MarketsFarm – The ICE Futures canola market continued to see prices get dragged downwards on Tuesday morning despite mixed sentiment in comparable oils.

European rapeseed and Malaysian palm oil were down. However, Chicago soyoil was up and crude oil extended its gains due to risk-on sentiment.

The Canadian dollar was up less than one-tenth of a U.S. cent compared to Monday’s close.

Roughly 10,900 contracts were traded. Prices in Canadian dollars per metric ton as of 8:47 CDT:

Jul.  603.70  dn  1.60

Nov.  622.30  dn  2.20

Jan.  628.20  dn  2.10

Mar.  631.40  dn  2.00

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