WINNIPEG, Manitoba-- Exchange were lower on Monday morning, pulled down by weaker crude oil prices. Trading resumed after Friday's holiday.
Crude was falling back as the trade waited for news on whether there will be talks between the United States and Iran or not.
Among the vegetable oils, Malaysian palm oil was slightly lower and there were gains in the Chicago soy complex. With the Easter Monday holiday in Europe, MATIF rapeseed was not being traded.
The May canola contract was virtually on par with its 20-day moving average, while it remained handily above its other technical levels.
Canola crush margins pushed higher, with the May position adding more than C$14 at almost C$337 per ton above the futures. Canola exports for the week ended March 29 came to 232,100 tons, slightly higher than the previous week the Canadian
Grain Commission reported. Year to date exports were almost 5.31 million tons versus 6.86 million the year before.
The Canadian dollar was back trading on Monday morning, with the loonie edging up to 71.90 U.S. cents compared with Thursday's close of 71.85.
Approximately 8,250 contracts had been traded by 9:36 a.m. EDT and prices in Canadian dollars per metric ton were:
Canola Price Change May 724.60 dn 2.40 Jul 737.60 dn 2.40 Nov 730.30 dn 3.50 Jan 736.20 dn 3.60
Source: Commodity News Service Canada, news@marketsfarm.com
(END) Dow Jones Newswires
04-06-26 1014ET
