WINNIPEG – The ICE Futures canola market showed some strength in the July contract but was lower for the deferreds.
Both European rapeseed and Malaysian palm oil were lower, as well as Chicago soyoil which resumed trading after the Juneteenth holiday. Crude oil was slightly lower over concerns stimulus measures implemented by China may be insufficient to recharge its economy.
The Canadian dollar was down more than one-tenth of a United States cent compared to Monday’s close.
Nearly 10,000 canola contracts were traded. Prices in Canadian dollars per metric ton as of 8:40 CDT:
Jul. 746.00 up 0.40
Nov. 716.90 dn 1.90
Jan. 722.40 dn 2.10
Mar. 727.20 dn 2.60
