Glacier FarmMedia – Canola futures on the Intercontinental Exchange were slightly lower coming out of the weekend, but remained above the 20-day average for the January contract.
Chicago soyoil, European rapeseed and Malaysian palm oil were down. Crude oil was steady after OPEC+ announced on Sunday it was halting production increases early in the new year.
The Canadian dollar gave up more than two-tenths of a United States cent compared to Friday’s close.
The Prairies will continue to see sunny skies and high temperatures that will be above freezing.
Nearly 14,400 contracts were traded. Prices in Canadian dollars per metric ton as of 8:38 CST:
Jan 636.40 dn 0.60
Mar 647.10 dn 0.90
May 657.40 dn 0.50
Jul 664.00 dn 1.00
To access the latest futures prices, go to https://www.producer.com/markets-futures-prices/
