WINNIPEG – The ICE Futures canola market was higher on Thursday morning due to increases in comparable oils.
European rapeseed and Malaysian palm oil were making gains while Chicago soyoil was steady. Crude oil was also advancing due to a weaker United States dollar.
The Canadian dollar was up more than two-tenths of a U.S. cent compared to Wednesday’s close.
Prices in Canadian dollars per metric ton as of 8:40 CDT:
May 776.70 up 6.70
Jul. 757.80 up 5.70
Nov. 730.00 up 5.00
Jan. 733.20 up 4.50
