WINNIPEG – The ICE Futures canola market extended Tuesday’s downturn to go along with weakness in comparable oils.
Chicago soyoil was down as well as Malaysian palm oil, while European rapeseed was mostly lower. Crude oil also declined after the release of underwhelming economic data from China.
The Canadian dollar was down more than one-tenth of a United States cent compared to Tuesday’s close. Statistics Canada (StatCan) reported this morning that the nation’s economy grew at an annualized rate of 3.1 per cent during the first quarter of 2023.
Prices in Canadian dollars per metric ton as of 8:40 CDT:
Jul. 651.70 dn 6.50
Nov. 620.70 dn 7.40
Jan. 626.40 dn 7.10
Mar. 627.20 dn 11.90
