WINNIPEG – The ICE Futures canola market was slightly lower on Thursday morning despite rises in comparable oils.
Chicago soyoil was up, while European rapeseed was mostly lower and Malaysian palm oil was higher.
Crude oil halted its slide this morning as traders shifted their focus to United States crude oil inventories. On Wednesday, the U.S. Federal Reserve released the minutes from its Jan. 31/Feb. 1 meeting, indicating that further key interest rate hikes may be needed to counter inflation.
The Canadian dollar was up more than one-tenth of a U.S. cent compared to Wednesday’s close.
Prices in Canadian dollars per metric ton as of 8:43 CST:
Mar. 837.40 dn 1.70
May 827.80 dn 3.90
Jul. 826.50 dn 3.70
Nov. 805.50 dn 3.50
