WINNIPEG, Manitoba--The ICE Futures canola market made small declines Monday morning, capped by a weaker Canadian dollar.
Chicago soyoil, European rapeseed and Malaysian palm oil were both lower to start the day. However, crude oil was higher due to a stronger economy in China and a tenuous ceasefire between Israel and Hezbollah.
The Canadian dollar was down nearly two-tenths of a U.S. cent compared with Friday's close.
Nearly 11,500 contracts were traded. Prices in Canadian dollars per metric ton as of 9:40 a.m. ET:
Canola Price Change Jan. 571.40 dn 2.70 Mar. 584.20 dn 1.70 May 594.10 dn 2.10 Jul. 597.20 dn 2.40
Source: Commodity News Service Canada, news@marketsfarm.com
(END) Dow Jones Newswires
12-02-24 1027ET