Glacier FarmMedia | MarketsFarm – ICE canola futures were higher on Tuesday morning following a rebound in the commodities and equities markets, moving above the 20-, 50- and 100-day moving averages.
Chicago soyoil and European rapeseed were up while Malaysian palm oil was mostly positive. Crude oil also made gains.
The Canadian dollar was up one-third of a United States cent compared to Monday’s close.
Nearly 15,500 contracts were traded. Prices in Canadian dollars per metric ton as of 8:38 CDT:
May 641.70 up 5.10
Jul. 647.50 up 4.50
Nov. 630.90 up 2.50
Jan. 638.00 up 1.50
