ICE Canola Futures Trying to Make a Comeback

WINNIPEG, Manitoba--The ICE Futures canola market made gains coming out of the weekend after a lengthy downturn.

Chicago soyoil was also higher, as well as European rapeseed and Malaysian palm oil. Crude oil was mixed after Brent crude was negative for the seventh week in a row, its longest streak of weekly declines since 2018.

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

Nearly 9,600 contracts were traded. Prices in Canadian dollars per metric ton as of 9:44 a.m. ET:

Canola 
         Price    Change 
Jan.     669.90   up 9.90 
Mar.     676.30   up 9.30 
May      683.50   up 9.30 
Jul.     687.10   up 8.00 
 

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

(END) Dow Jones Newswires

12-11-23 1011ET