WINNIPEG – The ICE Futures canola market was lower on Thursday morning following the lead of comparable oils.
Crude oil was down approximately US$1 per barrel after ADES International postponed its initial public offering to the second half of 2023. Chicago soyoil, European rapeseed and Malaysian palm oil were also lower.
The Canadian dollar lost more than one-half of a United States cent compared to Wednesday’s close.
Prices in Canadian dollars per metric ton as of 8:47 CDT:
Jul. 725.40 dn 9.30
Nov. 702.30 dn 9.30
Jan. 707.10 dn 8.70
Mar. 708.60 dn 10.40
