ICE Midday: Canola lacking direction to start week

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was lower in the front contracts on Monday while comparable oils were mixed.

Canola will be closed Christmas Day and Boxing Day.

Chicago soyoil was steady, European rapeseed was steady to higher and Malaysian palm oil was sharply higher. However, crude oil was lower, mainly due to a stronger United States dollar. U.S. markets will be closed on Dec. 25 only.

The Canadian dollar is down nearly one-quarter of a U.S. cent compared to Friday’s close.

About 18,400 contracts have traded at 10:05 CST. Prices in Canadian dollars per metric tonne:

Price          Change

Jan 609.30     up  0.20

Mar 612.40     dn  1.40

May 619.20     dn  0.20

Jul 620.30     up  0.90