Glacier FarmMedia MarketsFarm – The ICE Futures canola market is showing signs of strength on Friday morning despite negative sentiment in comparable oils.
European rapeseed was mostly lower, while Chicago soyoil and Malaysian palm oil were down. Crude oil also declined despite Israel’s retaliatory drone attack at Iran.
The Canadian dollar was steady compared to Thursday’s close.
Light snow fell onto parts of Saskatchewan and Manitoba earlier today with high temperatures expected to hover around freezing across the Prairies. The weekend will see sunny skies and temperatures into the double-digits.
Nearly 13,200 contracts were traded. Prices in Canadian dollars per metric ton as of 8:38 CDT:
May 610.10 up 1.40
Jul. 622.70 up 0.40
Nov. 637.70 up 1.10
Jan. 647.30 up 2.10
