WINNIPEG – The ICE Futures canola market was steady to lower on Friday morning, going along with the mixed sentiment in vegetable oils.
Chicago soyoil was up while European rapeseed was down and Malaysian palm oil was mixed. Crude oil rose by approximately US$1 per barrel due to a tightening market.
The Canadian dollar was up nearly two-tenths of a United States cent compared to Thursday’s close.
High temperatures will be in the low-20 degrees Celsius across the Prairies today with rain in the forecast for southern Manitoba.
Nearly 8,000 contracts were traded. Prices in Canadian dollars per metric ton as of 8:41 CDT:
Nov. 725.00 dn 0.30
Jan. 734.80 dn 0.50
Mar. 741.80 dn 0.50
May 742.80 dn 5.10
