WINNIPEG, Manitoba--The ICE Futures canola market started the week on a positive note, receiving support from comparable oils.

Chicago soyoil, European rapeseed and Malaysian palm oil were all in the green on Monday morning. Crude oil also increased as tensions continued in the Middle East and Saudi Arabia moved to raise prices in Asia.

The Canadian dollar was up less than one-tenth of a United States cent compared to Friday's close.

Rain is expected for much of Alberta and Saskatchewan later today with high temperatures in the teens Celsius. Manitoba will see sunny skies and highs at or exceeding 20 degrees.

Nearly 13,400 contracts were traded. Prices in Canadian dollars per metric ton as of 9:38 ET: 


Canola 
        Price    Change 
Jul.    650.90   up 3.90 
Nov.    664.60   up 3.80 
Jan.    672.00   up 3.60 
Mar.    676.80   up 3.60

Source: Commodity News Service Canada, news@marketsfarm.com


(END) Dow Jones Newswires

05-06-24 1002ET