Glacier FarmMedia | MarketsFarm — The ICE canola futures market showed some independent strength coming out of the Easter Weekend.
Chicago soyoil, European rapeseed and Malaysian palm oil declined to start the week. Crude oil dropped by more than US$1 per barrel on reported progress towards a deal between the United States and Iran over the latter’s nuclear program.
The Canadian dollar was up more than one-quarter of a U.S. cent compared to Thursday’s close. The Bank of Canada did not release a closing exchange rate on Friday due to Good Friday.
Nearly 10,900 contracts were traded. Prices in Canadian dollars per metric ton as of 8:36 CDT:
May 671.40 up 3.50
Jul. 679.80 up 4.10
Nov. 651.80 up 1.30
Jan. 659.00 up 1.20
