WINNIPEG – The ICE Futures canola market was lower to begin the day, following the lead of comparable oils.
Chicago soyoil and European rapeseed were both down while Malaysian palm oil was mixed. Crude oil was also losing ground this morning.
The Canadian dollar was down nearly one-quarter of a United States cent compared to Monday’s close.
Statistics Canada (StatCan) released its stocks report this morning with canola stocks totalling six million tonnes as of March 31, 15.3 per cent more than one year earlier.
Prices in Canadian dollars per metric ton as of 8:43 CDT:
Jul. 723.40 dn 9.80
Nov. 702.60 dn 9.00
Jan. 706.30 dn 10.40
Mar. 710.40 dn 10.20
