ICE Canola Resumes its Ongoing Decline

WINNIPEG, Manitoba -- The ICE Futures canola market erased all of Tuesday's gains and then some this morning, mainly due to weakness in comparable oils.

Chicago soyoil, European rapeseed and Malaysian palm oil were all in the red. Crude oil was also down despite continuing tensions in the Middle East.

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

Nearly 11,200 contracts were traded. Prices in Canadian dollars per metric ton as of 9:36 EST:

Canola 
          Price    Change 
Mar.      602.20   dn 11.30 
May       607.80   dn 11.90 
Jul.      612.60   dn 11.20 
Nov.      613.00   dn 10.50 
 

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

(END) Dow Jones Newswires

01-31-24 1003ET