The ICE Futures canola market was slightly lower on Thursday morning amidst a largely negative sentiment in comparable oils.
Chicago soyoil, European rapeseed and Malaysian palm oil were all in the red. However, crude oil made small gains as tensions in the Middle East outweighed growing United States stockpiles.
The Canadian dollar was up nearly two-tenths of a U.S. cent compared to Wednesday’s close.
Light snow fell onto parts of Saskatchewan and Manitoba this morning with high temperatures across the Prairies hovering around the freezing mark.
Nearly 8,800 contracts were traded. Prices in Canadian dollars per metric ton as of 8:40 CDT:
May 609.30 dn 2.30
Jul. 622.40 dn 1.40
Nov. 638.00 dn 0.20
Jan. 646.10 dn 0.40
