Glacier FarmMedia — The ICE canola market was posting small losses Monday morning in thin and choppy trade.
The nearby November contract settled above its 20-day moving average for the first time in more than a month on Friday and was starting the week consolidating around that key chart point.
Gains in Chicago soyoil provided spillover support, although soybeans mixed in overnight trade and European rapeseed was slightly lower. Malaysian palm oil was closed for a national holiday.
Statistics Canada will release updated production estimates on Wednesday, with pre-report positioning a feature.
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About 12,300 canola contracts had traded as of 8:45 CDT.
Prices in Canadian dollars per metric tonne at 8:45 CDT:
Canola Nov 639.30 dn 0.40
Jan 651.80 dn 0.40
Mar 662.80 dn 0.90
May 672.30 dn 1.40
To access the latest futures prices, go to https://www.producer.com/markets-futures-prices/
