WINNIPEG – After hitting a month-long high the day before, the ICE Futures canola market took a step back on Wednesday morning amidst widespread selling.
Chicago soyoil was down, while European rapeseed was mostly lower and Malaysian palm oil was higher.
Crude oil was on the decline Wednesday morning as traders awaited the release of the minutes from the United States Federal Reserve’s previous meeting, which would provide insight as to whether or not the central bank would continue to raise the key interest rate.
The Canadian dollar was down more than one-tenth of a U.S. cent compared to Tuesday’s close.
Prices in Canadian dollars per metric ton as of 8:47 CST:
Mar. 833.90 dn 4.60
May 826.70 dn 5.20
Jul. 825.80 dn 4.40
Nov. 807.00 dn 4.30
