WINNIPEG – The ICE Futures canola market showed independence on Thursday morning while being pressured by numerous factors.
European rapeseed was up, but Chicago soyoil and Malaysian palm oil were down to start the day. Crude oil was also lower despite recent large purchases by Asian refineries.
The Canadian dollar was up by nearly two-tenths of a United States cent compared to Wednesday’s close.
Rain is in the forecast today for much of Manitoba and Saskatchewan as well as southern Alberta.
Nearly 5,500 contracts were traded. Prices in Canadian dollars per metric ton as of 8:40 CDT:
Nov. 777.30 up 1.30
Jan. 782.10 up 1.30
Mar. 783.80 up 1.50
May 782.80 up 2.10
