By Glen Hallick
Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were lower on Monday morning, correcting from Friday’s gains.
Although increases in the Chicago soy complex underpinned canola, Malaysian palm oil was relatively steady and MATIF rapeseed was sown slightly. Modest upticks in crude oil lent support to the vegetable oils.
Despite canola’s losses, the January contract held a little bit above its 20- and 50-day moving averages.
Lackluster canola exports continued to weigh on values as China continues to remain outside the Canadian market.
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ICE Midday: Canola down, comparable oils mixed
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were slightly lower in the middle of Monday trading amidst mixed…
The Canadian dollar is higher on Monday morning, with the loonie at 71.30 U.S. cents compared to Friday’s close of 71.11.
Approximately 6,950 contracts were traded by 8:36 CST and prices in Canadian dollars per metric tonne were:
Price Change
Canola Jan 636.60 dn 3.40
Mar 648.50 dn 3.30
May 658.90 dn 3.40
Jul 666.30 dn 3.50
To access the latest futures prices, go to https://www.producer.com/markets-futures-prices/
