ICE canola futures: Prices higher Thursday morning

By Marlo Glass, MarketsFarm
WINNIPEG, Oct. 8 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher on Thursday morning, amid light trading activity.
Nearby Chicago soyoil contracts were up by over a quarter of a cent in early morning trade, contributing to the higher tone for canola. Malaysian palm oil was also slightly higher in early morning trade, though European rapeseed showed losses.
Strength in the Canadian dollar capped further gains for canola, as it was around 75.5 United States cents.
About 3,000 canola contracts had traded as of 8:40 CDT.
Prices in Canadian dollars per metric ton at 8:40 CDT:
                          Price      Change
Canola      Nov 526.80 up 1.40
Jan 533.10 up 1.10
Mar 538.70 up 0.50
May 539.50 dn 0.30
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