WINNIPEG – The ICE Futures canola market was slightly lower on Friday morning as prices declined for vegetable oils.
Chicago soyoil was down to start the day, as well as European rapeseed and Malaysian palm oil.
The United States Department of Agriculture (USDA) released its monthly supply/demand estimates on Thursday, with grain markets heading in a bullish direction afterwards.
Crude oil was mixed with positive sentiment after China made purchases of crude and consumer prices in the U.S started showing declines.
The Canadian dollar was down three-tenths of a U.S. cent compared to Thursday’s close.
Prices in Canadian dollars per metric ton as of 8:42 CST:
Mar. 840.40 dn 2.00
May 840.20 dn 0.80
Jul. 841.20 dn 0.80
Nov. 814.50 dn 1.20
