By Marlo Glass, MarketsFarm
WINNIPEG, March 23 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were higher on Monday morning, led by strength in Chicago soyoil and European rapeseed.
The COVID-19 pandemic may disrupt soy shipments out of South America, which supported Chicago soybeans.
The Canadian dollar remained below 70 U.S. cents, giving canola values a bit of a boost.
About 3,200 canola contracts had traded as of 8:40 CDT.
Prices in Canadian dollars per metric ton at 8:40 CDT:
Price Change
Canola May 465.30 up 3.40
Jul 472.50 up 3.00
Nov 480.80 up 3.10
Jan 488.00 up 3.10
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