WINNIPEG – The ICE Futures canola market was lower on Tuesday morning, receiving spillover from weakness in comparable oils.
Chicago soyoil lost more than one United States cent per pound, while European rapeseed and Malaysian palm oil were also down. Crude oil fell by more than two U.S. cents per barrel due to risk-off sentiment in Asia.
The Canadian dollar was steady compared to Monday’s close. U.S. markets resumed trading on Monday night after being closed for the Memorial Day holiday.
Prices in Canadian dollars per metric ton as of 8:39 CDT:
Jul. 676.20 dn 7.50
Nov. 645.00 dn 8.90
Jan. 650.80 dn 8.40
Mar. 659.30 dn 5.60
Source: MarketsFarm (Adam Peleshaty, news@marketsfarm.com, or 204-414-9084)
