"ICE Review: Canola Turns Higher With Outside Markets" at 3:32 p.m. ET contained an incorrect price table from the source. The correct version follows:


WINNIPEG, Manitoba--The ICE Futures canola market recovered from early losses to post solid gains on Monday, as strength in outside markets provided spillover support.

Crude oil climbed to its highest levels of the past month, with Chicago soyoil and Malaysian palm oil also higher on the day.

March canola tested its 20-day moving average, which brought in some additional speculative buying and contributed to the gains.

Fund traders were holding a record large short position in canola as of Jan. 16, and could be looking to book profits and buy back some of those shorts.

There were an estimated 40,207 contracts traded on Monday, which compares with Friday when 41,083 contracts traded.

Spreading accounted for 26,370 of the contracts traded.

Settlement prices are in Canadian dollars per metric tonne. 


 
Canola 
        Price   Change 
 Mar    636.30  up 8.00 
 May    641.20  up 6.30 
 Jul    645.10  up 5.70 
 Nov    641.70  up 5.50

Spread trade prices are in Canadian dollars and the volume represents the number of spreads: 


 
 Months              Prices              Volume 
 Mar/May    4.70 under to 6.60 under     10,485 
 Mar/Jul    8.50 under to 10.90 under        94 
 Mar/Nov    5.20 under to 7.70 under        393 
 May/Jul    3.50 under to 4.90 under      1,518 
 May/Nov    0.40 under to 0.70 under          5 
 Jul/Nov    3.90 over to 1.90 over          633 
 Nov/Jan    4.60 under to 5.00 under         33 
 Jan/Mar    0.00 under to 2.90 under         14 
 Mar/May    1.50 under to 4.30 under         10

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


(END) Dow Jones Newswires

01-22-24 1609ET