WINNIPEG, Manitoba--The ICE Futures canola market showed mostly modest gains for canola on Monday, largely raised by comparable oils.

European rapeseed and Malaysian palm oil were both in positive territory while crude oil rose due to welcomed economic data from China and Ukrainian attacks on Russian refineries. However, Chicago soyoil was in the red, limiting canola's rise.

At mid-afternoon, the Canadian dollar was down less than one-tenth of a United States cent compared to Friday's close.

There were 47,300 canola contracts traded on Monday, which compares with Friday when 42,425 contracts changed hands.

Spreading accounted for 27,482 of the contracts traded.

Settlement prices are in Canadian dollars per metric tonne. 


 
        Price    Change 
 May    631.70   up 1.10 
 Jul    641.30   up 1.20 
 Nov    647.20   dn 0.20 
 Jan    655.00   up 0.30

Spread trade prices are in Canadian dollars and the volume represents the number of spreads: 


 
 Months             Prices                Volume 
 May/Jul    8.50 under to 10.00 under     7,263 
 May/Nov    15.20 under to 16.60 under      699 
 May/Jan    23.60 under to 23.90 under        3 
 Jul/Nov    5.50 under to 7.60 under      5,102 
 Jul/Jan    12.90 under to 14.60 under       26 
 Nov/Jan    7.20 under to 7.90 under        624 
 Jan/Mar    4.70 under to 4.80 under         24

Source: Commodity News Service Canada, news@marketsfarm.com


(END) Dow Jones Newswires

03-18-24 1518ET