ICE canola higher Monday morning

By Marlo Glass, MarketsFarm
WINNIPEG, Oct. 7 (MarketsFarm) – The ICE Futures canola market was higher on Monday morning, following pricing trends set by Malaysian palm oil, European rapeseed, and soybeans on the Chicago Board of Trade.
Harvest activity across the Canadian Prairies remains delayed by wet weather, though conditions are improving. However, forecasts of rain and snow later this week will continue to slow down harvest.
The Canadian dollar hovering around 75.2 U.S. cents on Monday morning, with a bias to the downside that made canola exports comparatively more attractive.
About 1,800 canola contracts had traded as of 8:35 CDT.
Prices in Canadian dollars per metric ton at 8:35 CDT:
Price Change
Canola Nov 462.90 up 2.20
Jan 471.60 up 1.90
Mar 480.20 up 1.70
May 487.20 up 1.70

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