Ice Canola Begins Week on the Decline

WINNIPEG, Manitoba--The ICE Futures canola market was in negative territory on Monday morning as comparable oils moved lower.

European rapeseed and Malaysian palm oil were both in the red, while crude oil stepped back despite Iran's attack on Israel. However, Chicago soyoil made small gains.

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

A system will bring precipitation across the Prairies in the coming days, while another system will bring 10 to 25 millimetres of rain to southern Manitoba later this week.

Nearly 10,500 contracts were traded. Prices in Canadian dollars per metric ton as of 9:47 ET:

Canola 
        Price   Change 
May     627.70  dn 7.00 
Jul.    638.70  dn 7.60 
Nov.    650.60  dn 6.40 
Jan.    657.30  dn 6.30 
 

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

(END) Dow Jones Newswires

04-15-24 1015ET