ICE Canola Falls Below C$600 per Ton

WINNIPEG, Manitoba--Canola futures on the Intercontinental Exchange were still sliding back on Tuesday morning with no support from comparable oils.

Chicago soyoil, European rapeseed and Malaysian palm oil were all in the red. Crude oil was down by more than $1 per barrel due to a stalling Chinese economy and progressing Russia-Ukraine peace talks.

The Canadian dollar was up more than one-tenth of a U.S. cent compared to Monday's close, adding more pressure on the oilseed.

Nearly 15,700 contracts were traded. Prices in Canadian dollars per metric ton as of 9:39 a.m. EST:

 
           Price      Change 
Jan       597.30     dn 4.60 
Mar       610.50     dn 4.80 
May       622.00     dn 5.30 
Jul       630.30     dn 5.30 
 

Source: Commodity News Service Canada, [e-mail]

(END) Dow Jones Newswires

12-16-25 1007ET