Glacier FarmMedia – Canola futures on the Intercontinental Exchange made gains on Thursday morning, underpinned by rising vegetable oils and a weaker Canadian dollar.
Chicago soyoil, European rapeseed and Malaysian palm oil were higher. However, crude oil was lower due to weaker demand and the return of Kurdish supplies to the market.
The loonie was down one-tenth of a United States cent compared to Wednesday’s close.
Most of the Prairies will have clear skies on Thursday, as well as warmer-than-normal temperatures, which will aid harvest progress. The high temperature in Lethbridge today will be 29 degrees Celsius.
Nearly 16,200 contracts were traded. Prices in Canadian dollars per metric ton as of 8:44 CDT:
Nov 621.30 up 3.20
Jan 634.20 up 2.90
Mar 645.20 up 2.50
May 654.40 up 2.00
To access the latest futures prices, go to https://www.producer.com/markets-futures-prices/
