WINNIPEG, Manitoba--ICE canola futures were lower Tuesday morning, with the larger declines in the new crop months.

There was weakness in Chicago soyoil, while gains in Chicago soybeans and soymeal, plus European rapeseed helped to temper further losses in canola. The Malaysian palm oil market is closed for the Lunar New Year. Global crude oil prices were relatively steady, providing little direction to vegetable oils.

The Canadian dollar was virtually unchanged Tuesday morning, with the loonie at 74.71 U.S. cents compared with Monday's close of 74.73 U.S. cents.

About 6,300 contracts had traded as of 9:36 a.m. ET.

Prices in Canadian dollars per metric ton at 9:36 a.m. ET: 


   Canola     Price     Change 
 
      Mar     804.70    dn 2.00 
      May     804.50    dn 1.90 
      Jul     804.50    dn 3.80 
      Nov     787.40    dn 4.80

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


(END) Dow Jones Newswires

01-24-23 1008ET