ICE canola in the red

Glacier FarmMedia MarketsFarm – The ICE Futures canola market continued to move lower at the start of Tuesday trading.

Chicago soyoil is up, but European rapeseed is down and Malaysian palm oil is mostly lower. Crude oil is also showing declines.

China announced on Monday it has started an anti-dumping investigation into Canadian canola imports from Jan. 1 to Dec. 31, 2023.

The Canadian dollar is down less than one-tenth of a United States cent compared to Friday’s close.

Roughly 9,800 contracts were traded. Prices in Canadian dollars per metric ton as of 8:34 CDT:

Nov.  579.20  dn  4.40

Jan.  591.30  dn  4.50

Mar.  603.00  dn  4.20

May   611.80  dn  4.40