WINNIPEG – After three straight positive sessions, the ICE Futures canola market did not maintain its momentum and declined with vegetable oils.
Chicago soyoil and Malaysian palm oil were both down to start the day, while European rapeseed was mostly lower. However, losses were tempered due to gains made in crude oil.
The Canadian dollar was up two-tenths of a United States cent compared to Friday’s close.
Rains are expected for parts of Alberta, while Saskatchewan and Manitoba will see sunny skies and warmer-than-normal temperatures.
Nearly 6,000 contracts were traded. Prices in Canadian dollars per metric ton as of 8:42 CDT:
Nov. 748.70 dn 15.20
Jan. 756.90 dn 15.60
Mar. 763.30 dn 15.10
May 768.30 dn 15.80
