Glacier FarmMedia MarketsFarm – The ICE Futures canola market was mostly lower on Thursday morning amid mixed sentiment in comparable oils.
Chicago soyoil and Malaysian palm oil both traded in the red, while European rapeseed was in positive territory. Crude oil was steady as speculation of OPEC+ increasing output was offset by a large draw in United States inventories and greater demand from China.
The Canadian dollar was up nearly one-tenth of a U.S. cent compared to Thursday’s close.
Roughly 14,100 contracts were traded. Prices in Canadian dollars per metric ton as of 8:40 CDT:
Jul. 655.80 dn 0.90
Nov. 673.10 dn 0.30
Jan. 678.50 dn 0.40
Mar. 683.60 up 1.70
