ICE Canola Still In The Red

WINNIPEG, Manitoba--The ICE Futures canola market resumed its ongoing slide on Tuesday morning, weighed down by vegetable oils.

Chicago soyoil, European rapeseed and Malaysian palm oil were all lower to start the day. Crude oil was slightly weaker despite continuing tensions in the Middle East.

The Canadian dollar was up one-tenth of a United States cent compared to Monday's close.

Nearly 13,500 contracts were traded. Prices in Canadian dollars per metric ton as of 9:35 EST:

Canola 
        Price    Change 
Mar.    604.60   dn 4.10 
May     610.20   dn 3.90 
Jul.    613.10   dn 4.10 
Nov.    612.40   dn 4.00 
 

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

(END) Dow Jones Newswires

01-30-24 1003ET