Glacier FarmMedia – ICE canola futures were slightly higher Thursday morning amid mixed sentiment from comparable oils.
Chicago soyoil was down, while European rapeseed was up and Malaysian palm oil was mixed. Crude oil made small gains, correcting from Wednesday’s losses.
An analyst said despite recent optimism that Canada and China will eventually resolve their trade war, the timeline is unknown.
About 36,200 canola contracts have traded at 10:25 CST. Prices in Canadian dollars per metric tonne:
Price Change
Jan 647.70 up 0.30
Mar 658.90 up 0.60
May 668.10 up 0.60
Jul 675.30 up 1.80
To access the latest futures prices, go to https://www.producer.com/markets-futures-prices/
