ICE canola rises to start Friday

Published: February 3, 2023

WINNIPEG – The ICE Futures canola market was higher despite a mixed tone in vegetable oils.

Chicago soyoil was lower to start the day, but European rapeseed and Malaysian palm oil both made gains.

Crude oil was steady to higher on Friday morning as a recovery in Chinese demand goes slowly and crude oil stockpiles in the United States rise.

The Canadian dollar was down half of a U.S. cent compared to Thursday’s close.

Prices in Canadian dollars per metric ton as of 8:43 CST:

Mar.  829.90  up  4.80

May   827.50  up  3.80

Jul.  829.20  up  3.40

Nov.  808.10  up  0.20

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