By Glen Hallick
Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola was lower on Monday morning, along with the other vegetable oils.
The Chicago soy complex, MATIF rapeseed and Malaysian palm oil were down modestly, while higher crude oil offered support.
Statistics Canada is scheduled to release its production report on Thursday. Trade expectations have called for canola to well exceed the 20.03 million tonnes StatCan estimated in September.
The January canola contract was above its 20- and 50-day moving averages but slipped further away from its 100-day average.
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ICE Canada Morning Comment: Canola dips lower
By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures dipped lower on Tuesday morning, after starting the…
The Canadian dollar was a pinch higher on Monday morning, with the loonie at 71.61 U.S. cents, compared to Friday’s close of 71.54.
Approximately 12,850 contracts were traded by 8:36 CST and prices in Canadian dollars per metric tonne were:
Price Change
Canola Jan 647.10 dn 3.60
Mar 660.30 dn 3.70
May 670.10 dn 4.30
Jul 675.60 dn 3.90
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