The ICE Futures canola market started the week in negative territory to go with comparable oils.
Chicago soyoil, European rapeseed and Malaysian palm oil showed losses. Meanwhile, crude oil was down more than US$1 per barrel. West Texas International fell below US$60 as the selloff in crude oil continued on Sunday, but edged above the mark Monday morning.
The Canadian dollar was down two-tenths of a United States cent compared to Friday’s close.
Nearly 27,000 contracts were traded. Prices in Canadian dollars per metric ton as of 8:42 CDT:
May 617.20 dn 4.80
Jul. 621.40 dn 5.30
Nov. 610.60 dn 4.60
Jan. 619.40 dn 3.90
