Glacier FarmMedia – Canola futures on the Intercontinental Exchange declined on Thursday morning, despite rising crude and vegetable oil prices.
Chicago soyoil, European rapeseed and Malaysian palm oil were up. Crude oil was on the rise due to concerns over an increasing United States military presence in the Middle East. Also, peace talks between Russia and Ukraine ended abruptly on Wednesday.
The Canadian dollar was down more than one-tenth of a U.S. cent compared to Wednesday’s close.
Nearly 18,500 contracts were traded. Prices in Canadian dollars per metric ton as of 8:33 CST:
Mar 667.80 dn 2.40
May 680.10 dn 2.60
Jul 690.60 dn 2.90
Nov 685.00 dn 2.10
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