WINNIPEG – The ICE Futures canola market made small gains on Friday morning while being lifted by comparable oils.
Chicago soyoil and Malaysian palm oil were higher while European rapeseed was mostly higher to start the day. Crude oil was slightly on the positive side of unchanged.
The Canadian dollar was down nearly three-tenths of a United States cent compared to Thursday’s close. The U.S. Department of Agriculture will release its monthly World Agricultural Supply/Demand Estimates later today.
Rain is expected for parts of all three Prairie provinces on Friday.
Nearly 3,900 contracts were traded. Prices in Canadian dollars per metric ton as of 8:40 CDT:
Nov. 775.20 up 2.00
Jan. 780.70 up 2.10
Mar. 784.10 up 3.10
May 782.10 up 2.60
