WINNIPEG – The ICE Futures canola market was stronger to start the week, with nearby contracts making greater gains than the deferreds.
Chicago soyoil and Malaysian palm oil were higher while European rapeseed was mostly lower. Crude oil bounced higher by approximately US$2 per barrel this morning.
The Canadian dollar was up by more than half of a United States cent, surpassing the 75 U.S. cent mark.
Prices in Canadian dollars per metric ton as of 8:39 CDT:
Jul. 740.40 up 5.30
Nov. 713.00 up 2.00
Jan. 718.00 up 1.60
Mar. 722.00 up 1.50
