ICE Midday: Canola drifting higher

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market showed small increases in the middle of trading on Monday, mirroring little movement in vegetable oils.

Chicago soyoil was steady while European rapeseed and Malaysian palm oil were slightly higher. Crude oil also made gains, with an analyst saying it was supported by upcoming talks between the United States and China.

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

About 24,500 canola contracts have traded at 10:15 CDT. Prices in Canadian dollars per metric tonne:

Price          Change

Jul 712.50     up  1.70

Nov 694.50     up  1.90

Jan 700.70     up  0.70

Mar 706.50     up  0.50