WINNIPEG – The ICE Futures canola market was slightly lower for the most part Friday morning, continuing a downturn that has lasted over the past four days.
Weather-related pressure was a feature as normal temperatures along with some rain are forecast for parts of the Prairies over the weekend.
Crude oil prices were on either side of unchanged. However, veg oil markets were a little bit higher as nearby soyoil, European rapeseed and Malaysian palm oil all started the day higher.
The Canadian dollar was up by three-tenths of a cent on Friday morning.
About 4,400 canola contracts were traded as of 8:49 a.m. CDT.
Prices in Canadian dollar per metric ton as of 8:49:
Nov. 790.80 dn 2.50
Jan. 799.90 dn 1.80
Mar. 807.70 dn 1.30
May 813.40 unchanged
