Glacier FarmMedia — Canola futures on the Intercontinental Exchange showed minimal losses on Monday morning as strength in the loonie and weaker crude oil prices outweighed increases in vegetable oils.
Chicago soyoil, European rapeseed and Malaysian palm oil showed gains. However, crude oil was down as production is set to resume at a Kazakhstani oil field. This was despite severe winter weather over the weekend that disrupted operations at crude oil refineries in the United States.
The Canadian dollar exceeded the 73 U.S. cents mark, up nearly two-tenths of a cent compared to Friday’s close.
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By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures closed lower on Monday, as the multi-day rally likely ran…
Nearly 19,100 contracts were traded. Prices in Canadian dollars per metric ton as of 8:42 CST:
Mar 650.70 dn 1.00
May 661.40 dn 1.20
Jul 667.40 dn 1.90
Nov 660.50 dn 2.50
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