ICE canola remains in the red

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market declined further on Tuesday, following the lead of comparable oils.

Chicago soyoil and Malaysian palm oil were lower to start the day, while crude oil also dropped on fears of a surplus. Meanwhile, European rapeseed was mixed.

The Canadian dollar was down more than one-tenth of a United States cent compared to Monday’s close.

Nearly 8,700 contracts were traded. Prices in Canadian dollars per metric ton as of 8:40 CST:

Jan.  647.30  dn 11.10

Mar.  659.80  dn 11.30

May   667.80  dn 11.20

Jul.  671.50  dn  9.90