ICE Morning Commentary : ICE Canola Starts Week Higher

WINNIPEG, Manitoba--The ICE Futures canola market came out of the weekend making small gains Monday, thanks to mostly positive sentiment in comparable oils.

Chicago soyoil and Malaysian palm oil also were up, while crude oil was on the rise due to signs China is trying to stimulate economic growth. European rapeseed was mostly higher.

The Canadian dollar was steady compared with Friday's close.

Roughly 10,200 contracts were traded. Prices in Canadian dollars per metric ton as of 9:39 a.m. ET:

Canola 
     Price  Change 
Jul. 666.00 up 2.40 
Nov. 685.20 up 3.60 
Jan. 690.80 up 3.10 
Mar. 694.20 up 2.50 

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

(END) Dow Jones Newswires

05-13-24 1004ET