Glacier FarmMedia – Canola futures on the Intercontinental Exchange continued to rise on Monday morning, especially the nearby contracts, due to spillover from sharp gains in crude oil prices.
Crude was up by more than US$9 per barrel on Monday morning, at around US$100, as the conflict in the Middle East drove up oil prices.
Chicago soyoil, European rapeseed and Malaysian palm oil were also on the rise, following the lead of crude oil.
The Canadian dollar was up more than one-quarter of a United States cent compared to Friday’s close.
Read Also
U.S. Grain/Oilseed Review: Soybeans slightly higher, wheat down
Glacier FarmMedia – SOYBEAN contracts were in positive territory on the Chicago Board of Trade on Tuesday, but did little…
Nearly 50,100 contracts were traded. Prices in Canadian dollars per metric ton as of 8:42 CDT:
May 737.70 up 6.90
Jul 745.90 up 5.60
Nov 727.00 up 1.00
Jan 732.10 up 0.40
To access the latest futures prices, go to https://www.producer.com/markets-futures-prices/
Stay informed with our daily market videos. Each video quickly covers key futures moves, price trends, and market signals that matter to Canadian farmers. Get clear, timely insights in just a few minutes. Bookmark https://www.producer.com/markets-futures-prices/videos
