By Glen Hallick, MarketsFarm
WINNIPEG, April 6 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Thursday morning, falling back with losses in other vegetable oils.
The Chicago soy complex and Malaysian palm oil were lower, but there were small gains in European rapeseed. Global crude oil prices were relatively steady, providing little direction to the veg oils.
The Canadian dollar was lower on Thursday morning with the loonie at 74.14 U.S. cents compared to Wednesday’s close of 74.31.
The markets in Canada and the United States will be closed tomorrow for Good Friday.
About 8,100 contracts had traded as of 8:37 CDT.
Prices in Canadian dollars per metric tonne at 8:37 CDT:
Price Change Canola May 757.20 dn 6.50 Jul 737.80 dn 7.10 Nov 705.70 dn 7.50 Jan 710.20 dn 6.30
