WINNIPEG, Manitoba--The ICE Futures canola market took a step back to start the week, pressured by weaker comparable oils and a stronger Canadian dollar.

Malaysian palm oil was down while European rapeseed was mostly lower. Crude oil was down after U.S. President-elect Donald Trump indicated he would declare a national energy emergency to enable more production.

There will be no trading in the U.S. markets for most of Monday due to Martin Luther King Jr. Day.

The Canadian dollar was up more than one-third of a U.S. cent compared with Friday's close.

Nearly 6,500 contracts were traded.


Prices in Canadian dollars per metric ton as of 8:39 CST:


Canola         Price    Change 
        Mar.   613.30   dn 2.70 
        May    623.00   dn 2.50 
        Jul.   630.80   dn 3.00 
        Nov.   623.10   dn 2.5 
 

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


(END) Dow Jones Newswires

01-20-25 1031ET