Glacier FarmMedia – Canola futures on the Intercontinental Exchange were on the rise coming out of the August long weekend due to stronger vegetable oils.
Chicago soyoil was down slightly on Monday but was higher on Tuesday, along with European rapeseed and Malaysian palm oil. However, crude oil was down due to an output hike implemented by OPEC+ beginning this month.
Rain showers with a chance of thunderstorms will fall later today in much of Alberta and Saskatchewan and tonight in southern Manitoba.
The Canadian dollar was steady compared to Friday’s close. There was no trading on Monday due to Terry Fox Day.
Nearly 15,100 contracts were traded. Prices in Canadian dollars per metric ton as of 8:38 CDT:
Nov 689.00 up 6.50
Jan 700.80 up 7.00
Mar 708.30 up 5.90
May 715.50 up 6.30
To access the latest futures prices, go to https://www.producer.com/markets-futures-prices/
