ICE canola stronger Monday

By Marlo Glass, MarketsFarm
WINNIPEG, Sept. 16 (MarketsFarm) – The ICE Futures canola market was largely stronger on Monday, gaining spillover support from Malaysian palm oil, European rapeseed, and soybeans on the Chicago Board of Trade.
A 10 per cent jump in crude oil prices following a drone attack on two major Saudi Arabian oil facilities also provided support to canola values.
A strong Canadian dollar has kept a lid on canola values. The dollar was around 75.42 U.S. cents Monday morning.
Continued harvest activity has also kept pressure on values.
About 5,300 canola contracts had traded as of 8:30 CDT.
Prices in Canadian dollars per metric ton at 8:30 CDT:
Price Change
Canola Nov 450.80 up 1.40
Jan 459.30 up 1.30
Mar 466.90 up 1.10
May 473.20 up 1.60

---

Newsletter Sign Up - Get access to essential information on Canada’s cattle industry daily.

One email delivered 6 days a week for ranchers, feedlots, packers and livestock sales operators.

Your Email(Required)

Your Postal Code(Required)

Consent

I consent to receiving emails from Glacier FarmMedia, its affiliates and divisions and third parties, containing agriculture news, updates and promotions. I can unsubscribe at any time

Phone

This field is for validation purposes and should be left unchanged.