ICE Canola Drops to Start Week

WINNIPEG, Manitoba--The ICE Futures canola market was lower Monday morning to go along with vegetable oils.

While Chicago soyoil was just above neutral, European rapeseed and Malaysian palm oil were both lower at the start of the week.

Crude oil was higher, however, after China issued new crude oil import quotas and a government official said that the country's economy would be back on track after financial support is given to households and companies.

The Canadian dollar was up four-tenths of a U.S. cent this morning due to a weaker U.S. dollar.

Prices in Canadian dollar per metric ton as of 8:51 a.m. CST:

 
            Price  Change 
      Mar  862.70  dn 6.20 
      May  859.30  dn 7.00 
      Jul  859.10  dn 7.30 
      Nov  827.10  dn 8.10 
 

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

(END) Dow Jones Newswires

01-09-23 1021ET