ICE canola starts week higher

Glacier FarmMedia MarketsFarm – The ICE Futures canola market came out of the weekend making small gains on Monday, thanks to mostly positive sentiment in comparable oils.

Chicago soyoil and Malaysian palm oil were also up, while crude oil was on the rise due to signs China is trying to stimulate economic growth. European rapeseed was mostly higher.

The Canadian dollar was steady compared to Friday’s close.

Roughly 10,200 contracts were traded. Prices in Canadian dollars per metric ton as of 8:39 CDT:

Jul.  666.00  up  2.40

Nov.  685.20  up  3.60

Jan.  690.80  up  3.10

Mar.  694.20  up  2.50