Glacier FarmMedia – Canola futures on the Intercontinental Exchange were slightly lower in the middle of Wednesday trading amidst a weaker Canadian dollar and mixed sentiment in comparable oils.
Chicago soyoil was relatively steady, while European rapeseed and Malaysian palm oil were down. Crude oil made gains as tensions escalate in Iran.
Canadian Prime Minister Mark Carney landed in China on Wednesday where he and Chinese President Xi Jinping are expected to discuss trade matters, including China’s tariffs on Canadian canola. However, one analyst said he “doesn’t see something positive out of this.”
Read Also
ICE Canada Morning Comment: Canola continues higher Wednesday
By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures tacked on modest gains Wednesday morning, adding to Tuesday’s sharp…
The Canadian dollar was up less than one-tenth of a United States cent compared to Tuesday’s close.
About 35,700 canola contracts have traded at 10:15 CST. Prices in Canadian dollars per metric tonne:
Price Change
Mar 628.10 dn 4.70
May 636.70 dn 5.20
Jul 643.70 dn 4.80
Nov 640.60 dn 4.30
To access the latest futures prices, go to https://www.producer.com/markets-futures-prices/
Stay informed with our daily market videos. Each video quickly covers key futures moves, price trends, and market signals that matter to Canadian farmers. Get clear, timely insights in just a few minutes. Bookmark https://www.producer.com/markets-futures-prices/videos
