WINNIPEG, Manitoba--The ICE Futures canola market closed steady to higher with mixed sentiment in comparable oils.
Chicago soyoil was steady Monday while Malaysian palm oil was lower and European rapeseed was higher.
Crude oil nearly gained $2 per barrel ahead of major reports, and the Federal Reserve's decision on interest rates is due later this week.
Three low-pressure systems are forecast to bring rain across the Prairies this week. The northern halves of Alberta and Saskatchewan are expected to see between 25 to 65 millimeters.
The Canadian dollar was down more than one-tenth of a U.S. cent compared to Friday's close.
An estimated 53,252 canola contracts traded on Monday, which compares with Friday when 51,519 contracts changed hands.
Spreading accounted for 31,316 of the contracts traded.
Settlement prices are in Canadian dollars per metric ton.
Contracts Prices Change
Jul 630.10 unchanged Nov 652.30 up 2.80 Jan 659.60 up 2.60 Mar 664.70 up 2.00
Spread trade prices are in Canadian dollars and the volume represents the number of spreads:
Contracts Prices Volume Jul/Nov 19.00 under to 23.80 under 11,385 Jul/Jan 26.00 under to 30.70 under 196 Nov/Jan 6.30 under to 7.90 under 3,192 Nov/Mar 11.10 under to 12.30 under 2 Nov/May 17.90 under 24 Nov/Nov 24.00 over to 23.60 over 2 Jan/Mar 4.50 under to 5.70 under 596 Mar/May 3.70 under to 4.90 under 256 May/Jul 2.30 over to 0.70 over 3 Jul/Nov 38.30 over to 38.00 over 2
Source: MarketsFarm, news@marketsfarm.com
(END) Dow Jones Newswires
06-10-24 1611ET
