Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were higher on Tuesday as vegetable oils were mostly positive.
Chicago soyoil and European rapeseed were up while Malaysian palm oil was down. Crude oil was also lower due to the slowing of the Chinese economy and a 50-day deadline for Russia to end its invasion of Ukraine was brought forward by United States President Donald Trump.
Much of the Prairies will see cooler-than-normal high temperatures today with southern Alberta and southern Manitoba seeing some rainfall. Soybean and spring wheat conditions in the U.S. improved over the past week, while those for corn were unchanged.
The Canadian dollar was steady compared to Monday’s close.
Nearly 6,500 contracts were traded. Prices in Canadian dollars per metric ton as of 8:46 CDT:
Nov 687.00 up 4.40
Jan 695.60 up 4.70
Mar 702.50 up 5.10
May 707.50 up 4.40
To access the latest futures prices, go to https://www.producer.com/markets-futures-prices/
