Glacier FarmMedia – Canola futures on the Intercontinental Exchange showed modest gains on Tuesday morning despite little change to the Canadian dollar and crude oil prices.
An oil tanker was struck by a drone off the coast of Dubai earlier today, which supported crude oil prices. However, gains were under US$1 per barrel. Chicago soyoil was steady, while European rapeseed and Malaysian palm oil were higher.
The Canadian dollar was down less than one-tenth of a United States cent compared to Monday’s close.
Nearly 21,200 contracts were traded. Prices in Canadian dollars per metric ton as of 8:41 CDT:
May 731.00 up 3.30
Jul 744.40 up 3.90
Nov 736.90 up 3.10
Jan 742.70 up 2.60
To access the latest futures prices, go to https://www.producer.com/markets-futures-prices/
Stay informed with our daily market videos. Each video quickly covers key futures moves, price trends, and market signals that matter to Canadian farmers. Get clear, timely insights in just a few minutes. Bookmark https://www.producer.com/markets-futures-prices/videos
