ICE canola up Monday morning

By Marlo Glass, MarketsFarm
WINNIPEG, Oct. 28 (MarketsFarm) – The ICE Futures canola market was higher on Monday morning, as winter weather across the Canadian Prairies provided support.
Canola was also supported by a stronger tone for Malaysian palm oil and European rapeseed, as well as the soy complex on the Chicago Board of Trade.
The Canadian dollar hovered around 76.55 U.S. cents on Monday morning, which weighed on canola values.
About 3,000 canola contracts had traded as of 8:30 CDT.
Prices in Canadian dollars per metric ton at 8:30 CDT:
Price Change
Canola Nov 456.00 up 1.00
Jan 464.90 up 1.50
Mar 473.90 up 1.40
May 481.80 up 1.40

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