Glacier FarmMedia MarketsFarm – The ICE Futures canola market was lower coming out of the weekend due to negative comparable oils and a stronger Canadian dollar.
Chicago soyoil and Malaysian palm oil were both down on Monday morning, while European rapeseed was up. Crude oil was also slightly lower.
The Canadian dollar was up one-tenth of a United States cent compared to Friday’s close.
Roughly 10,000 contracts were traded. Prices in Canadian dollars per metric ton as of 8:40 CDT:
Jul. 600.50 dn 5.60
Nov. 619.90 dn 2.60
Jan. 626.30 dn 2.50
Mar. 629.20 dn 3.30
