WINNIPEG, Manitoba--Canola futures on the Intercontinental Exchange (ICE) were mixed at midday Tuesday, split between losses in the old crop months and gains in the new crop contracts.
Earlier in the session new contract highs were set for the nearby July and new crop November and January contracts.
Spillover was coming from more strong gains in the Chicago soy complex, as well as those in European rapeseed and Malaysian palm oil. Sharp upticks in global crude oil prices added to the increases in edible oil values.
A spring snowstorm appears to be ready to strike southern Manitoba and the eastern corner of Saskatchewan by tomorrow.
The Canadian dollar was a pinch higher with the loonie at 79.29 U.S. cents compared to Monday's close of 79.23.
About 12,000 canola contracts were traded as of 11:42 EDT.
Prices in Canadian dollars per metric tonne at 11:42 EDT:
Price Change Canola
May 1,162.10 dn 4.80 Jul 1,138.40 dn 4.10 Nov 1,020.10 up 7.60 Jan 1,021.60 up 9.10
Source: Commodity News Service Canada
Write to Glen Hallick at news@marketsfarm.com
(END) Dow Jones Newswires
04-12-22 1212ET
