ICE canola starts week in positive territory

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market made slight gains to start the week.

Chicago soyoil and Malaysian palm oil were both higher while European rapeseed was mixed. Crude oil increased as uncertainty over tariffs and a deal to end the Russian invasion of Ukraine was in focus.

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

Nearly 7,100 contracts were traded. Prices in Canadian dollars per metric ton as of 8:35 CST:

May   654.60  up  3.50

Jul.  662.60  up  4.50

Nov.  647.30  up  5.80

Jan.  654.10  up  5.90