Glacier FarmMedia | MarketsFarm – The ICE Futures canola market made small declines on Monday morning, capped by a weaker Canadian dollar.
Chicago soyoil, European rapeseed and Malaysian palm oil were both lower to start the day. However, crude oil was higher due to a stronger economy in China and a tenuous ceasefire between Israel and Hezbollah.
The Canadian dollar was down nearly two-tenths of a United States cent compared to Friday’s close.
Nearly 11,500 contracts were traded. Prices in Canadian dollars per metric ton as of 8:40 CST:
Jan. 571.40 dn 2.70
Mar. 584.20 dn 1.70
May 594.10 dn 2.10
Jul. 597.20 dn 2.40
