Glacier FarmMedia — The ICE Futures canola market was higher at midday Monday, taking back some of Friday’s losses in choppy sideways trade.
Gains in Chicago soyoil and soybeans provided spillover support. However, sharp losses in Malaysian palm oil in overnight activity and a softer tone in European rapeseed weighed on values.
The Canadian dollar was weaker, which underpins crush margins and makes exports more attractive to international buyers.
A lack of concrete movement on trade talks with China kept a lid on the upside, as Canada continues to miss its largest market for canola seed.
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Glacier FarmMedia — ICE canola futures posted solid gains on Monday, taking back most of Friday’s losses as trade optimism…
An estimated 26,000 canola contracts traded as of 10:14 CST.
Prices in Canadian dollars per metric tonne at 10:14 CST:
Canola Jan 641.60 up 4.60
Mar 652.30 up 4.30
May 662.40 up 4.50
Jul 668.90 up 3.90
Access the latest futures prices at https://www.producer.com/markets-futures-prices/
