Glacier FarmMedia – Canola futures on the Intercontinental Exchange were down in early Tuesday trading, getting little support from comparable oils. However, a weaker loonie supported the oilseed.
Chicago soyoil and Malaysian palm oil were lower while European rapeseed was mixed. Crude oil also declined due to the possibility of a summit between Ukraine, the United States and Russia.
Southern parts of the Prairies will see hot temperatures today while those in central parts are more moderate. Thunderstorms will also occur in certain areas today and tomorrow.
The Canadian dollar was down two-tenths of a U.S. cent compared to Monday’s close.
Nearly 10,500 contracts were traded. Prices in Canadian dollars per metric ton as of 8:46 CDT:
Nov 647.90 dn 3.80
Jan 659.60 dn 3.70
Mar 669.00 dn 4.50
May 680.20 dn 2.20
To access the latest futures prices, go to https://www.producer.com/markets-futures-prices/
