WINNIPEG – The ICE Futures canola market experienced small losses on Wednesday morning despite relatively larger ones for comparable oils.
Chicago soyoil and Malaysian palm oil were both down while European rapeseed was mostly lower. Crude oil was also in the red to start the day. Exxon Mobil Corp. announced today it will purchase Pioneer Natural Resources for US$60 billion.
The Canadian dollar was down less than one-tenth of a United States cent compared to Tuesday’s close.
Alberta will see some rain later today, while there will be clear skies in Saskatchewan and Manitoba. High temperatures will be in the low double-digits to mid-teens in most areas, while Calgary will only see a high of nine degrees Celsius.
Nearly 11,500 contracts were traded. Prices in Canadian dollars per metric ton as of 8:46 CDT:
Nov. 703.80 dn 0.80
Jan. 708.50 dn 1.90
Mar. 713.70 dn 2.90
May 716.70 dn 4.40
