WINNIPEG – The ICE Futures canola market showed some strength on Wednesday morning despite weakness in comparable oils.
European rapeseed was mostly lower, while Chicago soyoil and Malaysian palm oil were both lower to start the day. Crude oil also went down slightly after three days of gains. The United States Bureau of Labor Statistics reported today that the annual inflation rate declined to 4.9 per cent in April.
The Canadian dollar increased by nearly two-tenths of a U.S. cent compared to Tuesday’s close.
Prices in Canadian dollars per metric ton as of 8:40 CDT:
Jul. 741.70 up 3.60
Nov. 715.30 up 1.50
Jan. 719.40 up 1.90
Mar. 722.30 up 1.60
