ICE Morning Commentary : ICE Canola Reverses Direction

WINNIPEG, Manitoba--After rebounding Monday, the ICE Futures canola market eased back into the red Tuesday.

Chicago soyoil and Malaysian palm oil were down, while European rapeseed was mostly lower. Crude oil was down about two U.S. dollars per barrel, despite an attack on a tanker in the Red Sea.

The Canadian dollar was down less than one-tenth of a U.S. cent compared with Monday's close.

Nearly 12,100 contracts were traded. Prices in Canadian dollars per metric ton as of 9:36 a.m. ET:

Canola 
     Price  Change 
Jan. 668.20 dn 4.90 
Mar. 674.50 dn 5.10 
May 681.80 dn 5.20 
Jul. 686.90 dn 5.10 

Source: Commodity News Service Canada, [e-mail]

(END) Dow Jones Newswires

12-12-23 1005ET