WINNIPEG – The ICE Futures canola market was up to begin the week while comparable oils were showing mixed sentiment.
Chicago soyoil and Malaysian palm oil were lower, while European rapeseed was higher. Crude oil was on both sides of unchanged due to new economic stimuli in China and fears of further monetary tightening in Europe and the United States.
The Canadian dollar was steady compared to Friday’s close. Statistics Canada will release its first model-based principal field crop supply/demand estimates of 2023-24 on Tuesday.
Temperatures are in the high-20 and early-30 degrees Celsius across the Prairies with little precipitation.
Nearly 4,900 contracts were traded. Prices in Canadian dollars per metric ton as of 8:36 CDT:
Nov. 815.40 up 4.10
Jan. 822.60 up 4.10
Mar. 825.80 up 4.80
May 823.80 up 4.30
