ICE canola declines to start week

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