Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were declining in choppy trading mid-session Thursday amid mixed sentiment in vegetable oils.
Chicago soyoil was slightly higher, but European rapeseed and Malaysian palm oil were lower. Meanwhile, crude oil made gains as trade optimism and a draw in U.S. stockpiles supported prices.
A mixed bag of weather is in store for the Prairies as rain and thunderstorms are expected in various areas over the next few days. Central and southern Alberta could see between 10 to 25 millimetres of rain until Monday.
The Canadian dollar was down one-tenth of a U.S. cent compared to Wednesday’s close.
About 17,500 canola contracts have traded at 10:28 CDT. Prices in Canadian dollars per metric tonne:
Price Change
Nov 696.80 dn 1.30
Jan 706.70 dn 1.60
Mar 713.50 dn 1.40
May 718.90 dn 0.50
