ICE canola back in positive territory

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was on the rebound Tuesday morning with help from comparable oils.

Chicago soyoil and Malaysian palm oil were higher, while crude oil followed equities’ lead and made gains. However, European rapeseed was lower.

The Canadian dollar was down nearly two-tenths of a United States cent compared to Monday’s close.

Nearly 8,000 contracts were traded. Prices in Canadian dollars per metric ton as of 8:35 CDT:

May   663.70  up  4.70

Jul.  671.90  up  6.50

Nov.  646.10  up  2.70

Jan.  653.20  up  3.10