WINNIPEG, Manitoba--Canola futures on the Intercontinental Exchange resumed their rallies on Monday morning after seeing negative movement on Friday.
Chicago soyoil, European rapeseed and Malaysian palm oil were on the rise in the middle of trading. Meanwhile, crude oil traded on both sides of unchanged despite tensions in Iran and Venezuela.
The United States Department of Agriculture will release its monthly supply/demand estimates at 11 a.m. CST. Quarterly stocks and winter wheat seedings estimates will also be published. Barring any surprises, one analyst wasn't expecting any major price movements after their releases.
The Canadian dollar was up one-tenth of a U.S. cent compared to Friday's close.
About 20,400 canola contracts have traded at 10:14 CST.
Prices in Canadian dollars per metric ton: Canola Price Change Mar 631.80 up 8.10 May 641.50 up 8.50 Jul 649.00 up 9.00 Nov 645.10 up 8.00
Source: Commodity News Service Canada, news@marketsfarm.com
(END) Dow Jones Newswires
01-12-26 1157ET
