WINNIPEG, Manitoba--Canola futures on the Intercontinental Exchange retreated on Monday morning, pressured by falling comparable oils.
U.S. President Donald Trump said on Saturday that a deal to end the war in Iran and reopen the Strait of Hormuz was "largely negotiated," which brought down crude oil prices. However, on Monday Trump gave no indication that an agreement was imminent.
Crude oil lost about US$5 per barrel, while European rapeseed and Malaysian palm oil were lower. There was no trading for Chicago soyoil due to the Memorial Day holiday.
The Canadian dollar was virtually unchanged compared with Friday's close.
Nearly 9,300 contracts were traded. Prices in Canadian dollars per metric ton as of 8:48 CDT:
