ICE canola regaining positive momentum

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market tried to claw its way back on Tuesday morning after sustaining sharp losses on Monday.

While Chicago soyoil was steady, there were increases in Malaysian palm oil and most European rapeseed contracts. Crude oil made gains due to increased tensions between Russia and Ukraine and ongoing nuclear talks between the United States and Iran.

The Canadian dollar was down one-tenth of a U.S. cent compared to Monday’s close.

Nearly 15,600 contracts were traded. Prices in Canadian dollars per metric ton as of 8:39 CDT:

Jul  691.10  up  4.30

Nov  673.10  up  5.20

Jan  680.30  up  4.70

Mar  686.90  up  4.60