Glacier FarmMedia – Canola futures on the Intercontinental Exchange were mostly higher on Monday morning, moving the opposite of comparable oils.
Chicago soyoil, European rapeseed and Malaysian palm oil were lower, pulling down canola prices. Meanwhile, crude oil was steady with a negative bias due to concerns regarding oversupply and the possibility of the end of the war in Ukraine.
The Canadian dollar was down less than one-tenth of a United States cent compared to Friday’s close.
Nearly 14,000 contracts were traded. Prices in Canadian dollars per metric ton as of 8:41 CST:
Jan 643.40 up 2.30
Mar 655.70 up 2.00
May 665.60 up 1.20
Jul 669.60 dn 1.10
To access the latest futures prices, go to https://www.producer.com/markets-futures-prices/
