By Glen Hallick, MarketsFarm
WINNIPEG, Feb. 18 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were slightly lower on Friday morning in choppy activity that’s seeing light volumes.
There’s support from small gains in the Chicago soy complex, European rapeseed and Malaysian palm oil. However, pressure on edible oils was coming from a significant downturn in global crude oil prices.
The Canadian dollar was slightly lower on Friday morning, with the loonie at 78.67 U.S. cents, compared to Thursday’s close of 78.77.
The markets in Canada and the United States will be close during the day on Feb. 21 for holidays in both countries. Trading is scheduled to resume that evening.
About 1,700 canola contracts had traded as of 8:43 CST.
Prices in Canadian dollars per metric tonne at 8:43 CST:
Price Change
Canola Mar 1,007.60 dn 1.20
May 1,000.90 dn 1.80
Jul 979.20 up 1.20
Nov 847.40 up 2.90
