Glacier FarmMedia – Canola futures on the Intercontinental Exchange showed small gains on Thursday with little support from comparable oils.
Chicago soyoil and Malaysian palm oil were down while European rapeseed was up. Crude oil was steady as tariffs imposed by the United States on many imports come into effect.
After most areas of the Prairies saw rain and thunderstorms on Wednesday, there is a similar forecast for Thursday.
The Canadian dollar was up less than one-tenth of a U.S. cent compared to Wednesday’s close.
Nearly 13,100 contracts were traded. Prices in Canadian dollars per metric ton as of 8:38 CDT:
Nov 670.90 up 1.20
Jan 682.50 up 0.80
Mar 691.50 up 1.10
May 698.60 up 0.90
Source: MarketsFarm (Adam Peleshaty, [email protected], or 204-414-9084)
To access the latest futures prices, go to https://www.producer.com/markets-futures-prices/