WINNIPEG – The ICE Futures canola market continued its prolonged selloff, going along with weakness in comparable oils to start the week.
Chicago soyoil was also in the decline, as well as European rapeseed and Malaysian palm oil. The collapse of Silicon Valley Bank has rattled the markets, including crude oil prices which are already down more than US$3 per barrel this morning.
The Canadian dollar is up more than one-tenth of a United States cent compared to Friday’s close.
Prices in Canadian dollars per metric ton as of 8:43 CDT:
May 767.70 dn 10.10
Jul. 765.30 dn 10.00
Nov. 746.20 dn 9.20
Jan. 751.80 dn 8.60
