04/11/2024 (Market Screener), Manitoba - Intercontinental Exchange canola futures eased back on Monday morning, taking its lead from other vegetable oils.

There were declines in European rapeseed, Malaysian palm oil and Chicago soyoil. However, those losses were tempered by gains in Chicago soybeans and soymeal. Also, there's spillover from increases in crude oil.

The January canola contract remained well above its major moving averages.

Canola crush margins climbed higher, with the January position exceeding C$125 per metric ton above the futures.

The Canadian dollar was higher on Monday morning with the loonie at 71.98 U.S. cents compared to Friday's close of 71.78.

https://www.marketscreener.com/quote/future/CRUDE-PALM-OIL-16222/news/ICE-Canada-Morning-Comment-Canola-Dips-With-Lower-Veg-Oils-48248004/