By Glen Hallick, MarketsFarm
WINNIPEG, Nov. 5 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher on Thursday morning getting spillover support from a stronger Chicago soy complex.
There was additional support from increases in European rapeseed and Malaysian palm oil.
A higher Canadian dollar was tempering further gains in canola. The loonie was at 76.55 U.S. cents, compared to Wednesday’s close of 76.12.
About 8,800 canola contracts had traded as of 8:45 CST.
Prices in Canadian dollars per metric tonne at 8:45 CST:
Price Change
Canola Jan 550.60 up 4.80
Mar 553.90 up 3.50
May 552.00 up 2.80
Jul 549.80 up 2.30
