Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 

ICE Canola Starts Week Pointing Lower

07/26/2021 | 10:31am EDT

WINNIPEG, Manitoba--The ICE Futures canola market was weaker Monday morning, as speculators continued to take profits on their large long positions.

General uncertainty in the world economic markets, amid a surge in the Covid-19 Delta variant, accounted for some of the spillover selling in canola. Losses in Chicago Board of Trade soybeans were also bearish for the Canadian oilseed, although soyoil was holding relatively steady.

Forecasts remain generally hot and dry across most of the Prairies, which should be keeping a weather premium in the market. However, those concerns may be priced into the futures for the time being.

About 4,100 canola contracts had traded as of 9:55 EDT.

     Prices in Canadian dollars per metric ton at 9:55 EDT: 
                          Price       Change 
Canola            Nov     871.20     dn 12.40 
                  Jan     856.30     dn 11.10 
                  Mar     838.20     dn 11.90 
                  May     818.90     dn 11.90 

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

(END) Dow Jones Newswires

07-26-21 1030ET

Latest news "Commodities"
06:06aAnalysis-India state refiners to buy more light crude to boost gasoline output
05:46aLondon Stocks Fall as Investors Turn Cautious; Oil Stocks Rise
05:23aBitcoin falls 4.5% after china cracks down on cryptocurrency mining, trading last at $43,205
05:04aGLOBAL LNG-LNG prices continue to soar as buying ahead of winter starts
05:03aIndonesia says won't approve new palm oil permits after moratorium lapses
04:40aEUROPE GAS-Prices ease as Norwegian supplies ramp up
04:12aOil heads for third week of gains as output stumbles
03:30aShell Completes Sale of Egyptian Assets to Cairn, Cheiron
03:19aSAUDI ARABIAN OIL : U.S. pension fund to vote against Aramco chair for Reliance board - BloombergQuint
03:10aDalian iron ore futures track spot prices higher, demand outlook remains dull
Latest news "Commodities"