WINNIPEG – The ICE Futures canola market lacked direction on Wednesday morning, due to largely negative sentiment in comparable oils.
Chicago soyoil was down, while European rapeseed and Malaysian palm oil were mixed. Crude oil declined as traders await an interest rate decision from the United States Federal Reserve later today.
The Canadian dollar was down two-tenths of a U.S. cent compared to Tuesday’s close.
Nearly 7,350 canola contracts were traded. Prices in Canadian dollars per metric ton as of 8:38 CDT:
Nov. 823.90 dn 0.10
Jan. 826.60 up 0.10
Mar. 823.70 dn 0.30
May 820.50 up 3.10
