ICE canola futures dip on pressure from stronger Canadian dollar

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Published: January 12, 2022

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March canola lost $2.50 Tuesday, falling to $1,028.10 per tonne. | File photo

WINNIPEG, Manitoba, Jan 11 (Reuters) – ICE canola futures dipped on Tuesday for a second straight day, pressured by a stronger Canadian dollar.

  • March canola lost $2.50 to $1,028.10 per tonne.
  • March-May canola spread traded 1,949 times.
  • U.S. soybean futures edged higher ahead of Wednesday’s key U.S. Department of Agriculture reports, which will include updated estimates of U.S. 2021 crop production and Dec. 1 inventories.
  • Euronext May rapeseed futures slipped, and Malaysian March palm oil futures rose on concerns of tight supply.

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