ICE canola trying to regain positive momentum

WINNIPEG – The ICE Futures canola market sought to end the month on a high note after its five-day rally ended on Thursday.

While Malaysian palm oil was down, Chicago soyoil and European rapeseed were higher. Crude oil continued to make slight gains as exports from the Iraqi province of Kurdistan remained at a standstill.

The Canadian dollar was steady compared to Thursday’s close.

Prices in Canadian dollars per metric ton as of 8:40 CDT:

May   772.00  up  7.40

Jul.  752.00  up  6.30

Nov.  723.90  up  6.00

Jan.  726.10  up  4.80

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