WINNIPEG – The ICE Futures canola market started Friday in positive territory, lifted by comparable oils.
Chicago soyoil and European rapeseed were both up, while crude oil also made slight gains as the conflict between Israel and Hamas continued.
The Canadian dollar was up more than four-tenths of a United States cent compared to Thursday’s close as the greenback weakened. Statistics Canada reported this morning that while adding 17,500 jobs in October, Canada’s unemployment rate rose to a 21-month high of 5.7 per cent.
Nearly 4,600 contracts were traded. Prices in Canadian dollars per metric ton as of 8:37 CDT:
Jan. 690.60 up 8.00
Mar. 700.00 up 8.10
May 705.50 up 7.20
Jul. 711.30 up 6.00
