ICE canola making gains to start week

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was higher Monday morning, seeing a continuation of last week’s gains.

Chicago soyoil was lower, European rapeseed was mixed and Malaysian palm oil was higher. Crude oil was up nearly US$1 per barrel despite concerns over tariff threats by United States President Donald Trump.

The Canadian dollar was down nearly two-tenths of a U.S. cent compared to Friday’s close.

Nearly 14,800 contracts were traded. Prices in Canadian dollars per metric ton as of 8:35 CST:

Mar.  659.80  up  3.00

May   667.20  up  2.70

Jul.  670.50  up  1.40

Nov.  647.10  unchanged