ICE canola in the red

Glacier FarmMedia – Canola futures on the Intercontinental Exchange were lower on Tuesday morning, following the lead of comparable oils.

Chicago soyoil and Malaysian palm oil were down while European rapeseed was mixed. Crude oil lost more than US$1 per barrel, mainly due to oversupply fears.

The Canadian dollar was steady compared to Monday’s close.

Nearly 10,200 contracts were traded. Prices in Canadian dollars per metric ton as of 8:44 CST:

Jan  642.30  dn  1.90

Mar  655.10  dn  1.90

May  665.50  dn  2.10

Jul  671.60  dn  2.00

To access the latest futures prices, go to https://www.producer.com/markets-futures-prices/