WINNIPEG – The ICE Futures canola market was adding onto yesterday’s gains on Tuesday morning due to strength in vegetable oils.
Chicago soyoil, European rapeseed and Malaysian palm oil were all on the rise, while crude oil struggled to find direction.
A Colorado low is expected to bring a mix of heavy rain and snow to parts of Saskatchewan and Manitoba starting today.
The Canadian dollar was steady compared to Monday’s close. Statistics Canada (StatCan) reported today that the country’s annual inflation rate fell to 4.3 per cent in March, compared to 5.2 per cent from February.
Prices in Canadian dollars per metric ton as of 8:43 CDT:
May 781.70 up 8.00
Jul. 754.00 up 7.50
Nov. 715.90 up 9.60
Jan. 719.80 up 10.10
