WINNIPEG, Manitoba--The ICE Futures canola market was posting small losses in most months Monday morning, in quiet activity with
markets in the United States closed for Memorial Day.
The thin volumes and absence of direction from the Chicago soy complex could lead to some volatility in the Canadian
oilseed as the day progresses.
Recent rainfall across Western Canada has improved moisture conditions in most areas, although seeding delays were a possibility. European rapeseed futures were slightly lower, while Malaysian palm oil was showing a modest recovery after posting losses in overnight activity.
About 3,100 canola contracts had traded as of 9:44 EDT.
Prices in Canadian dollars per metric ton at 9:44 EDT:
Price Change
Canola Jul 664.80 dn 1.90
Nov 686.10 dn 1.00
Jan 693.50 dn 1.10
Mar 700.90 dn 0.70
Source: Commodity News Service Canada, news@marketsfarm.com
(END) Dow Jones Newswires
05-27-24 1035ET
