By Glen Hallick
Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were easing back on Thursday morning, in light of mixed support from comparable oils.
There were gains in the Chicago soy complex and Malaysian palm oil but declines in European rapeseed. Crude oil was lower as well, putting pressure on the vegetable oils.
As harvest pressure continues to build, the Prairie weather forecast called for temperatures in the low to mid 20 degrees Celsius, with rain for parts of Saskatchewan and Manitoba.
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North American grain/oilseed review: Canola corrects higher Wednesday
Glacier FarmMedia — ICE canola futures were stronger on Wednesday, taking back Tuesday’s losses as the market continued to consolidate…
The Canadian dollar was virtually unchanged on Thursday morning, with the loonie at 72.16 U.S. cents.
Approximately 9,500 contracts were traded by 8:34 CDT and prices in Canadian dollars per metric tonne were:
Price Change
Canola Nov 627.00 dn 1.10
Jan 639.20 dn 1.50
Mar 650.90 dn 1.50
May 661.00 dn 1.90
To access the latest futures prices, go to https://www.producer.com/markets-futures-prices/
