Glacier FarmMedia – Canola futures on the Intercontinental Exchange fell back early Wednesday, pressured by a stronger Canadian dollar and declining comparable oils.
United States President Donald Trump and Iranian President Masoud Pezeshkian made comments suggesting the end of the war between the two countries could be near. As a result, crude oil prices dropped between US$1 to US$3 per barrel.
Chicago soyoil was down more than one U.S. cent per pound, while European rapeseed and Malaysian palm oil also showed declines.
The loonie was up one-quarter of a U.S. cent compared to Tuesday’s close.
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ICE Midday: Canola, comparable oils tumble
Glacier FarmMedia – Canola futures on the Intercontinental Exchange dropped in the middle of Wednesday trading, following the leads of…
Nearly 17,600 contracts were traded. Prices in Canadian dollars per metric ton as of 8:39 CDT:
May 722.40 dn 9.40
Jul 735.00 dn 9.50
Nov 728.40 dn 8.20
Jan 733.90 dn 8.30
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