WINNIPEG – The ICE Futures canola market was slightly lower Thursday morning despite mixed sentiment in comparable oils.
While Chicago soyoil was higher to start trading, both European rapeseed and Malaysian palm oil were mixed.
Crude oil was also on either side of steady as traders weighed Chinese demand and the United States Federal Reserve’s announcement on Wednesday that it has raised the key interest rates by 25 basis points.
The Canadian dollar was up more than one-tenth of a U.S. cent from Wednesday’s close.
Prices in Canadian dollars per metric ton as of 8:47 CST:
Mar. 824.70 dn 3.30
May 823.10 dn 4.00
Jul. 824.30 dn 4.60
Nov. 805.50 dn 2.30
