WINNIPEG – The ICE Futures canola market was struggling to find direction on Wednesday morning as traders await a potential key interest rate hike from the United States Federal Reserve.
Chicago soyoil was down along with Malaysian palm oil. European rapeseed was mixed with positive sentiment.
Crude oil was also mixed and struggling to find direction as observers expect OPEC+ to keep output steady at a monitoring meeting later today.
The Canadian dollar is up two-tenths of a U.S. cent from Tuesday’s close.
Prices in Canadian dollars per metric ton as of 8:44 CST:
Mar. 832.10 up 0.20
May 830.80 dn 0.40
Jul. 832.10 dn 0.90
Nov. 808.50 dn 3.90
