Glacier FarmMedia MarketsFarm – The ICE Futures canola market was down slightly on Friday morning, dragged by comparable oils.
Chicago soyoil and European rapeseed were in negative territory, while crude oil was losing more than US$1 per barrel due to oversupply concerns. Meanwhile, Malaysian palm oil was higher.
The Canadian dollar was up one-tenth of a United States cent compared to Thursday’s close.
Nearly 8,200 contracts were traded. Prices in Canadian dollars per metric ton as of 8:37 CST:
Mar. 569.80 dn 0.60
May 580.30 dn 1.00
Jul. 589.00 dn 0.60
Nov. 595.00 dn 1.10
