Glacier FarmMedia – Canola futures on the Intercontinental Exchange sharply jumped on Wednesday morning as comparable oils continued to rise.
Chicago soyoil gained more than two United States cents per pound, while European rapeseed and Malaysian palm oil also made gains.
Crude oil advanced more than two U.S. dollars per barrel after vessels in the Strait of Hormuz were attacked earlier today. However, the International Energy Agency is considering the release of 400 million barrels from its strategic reserves.
The Canadian dollar was down more than one-tenth of a U.S. cent compared to Tuesday’s close.
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SOYBEAN futures at the Chicago Board of Trade were stronger on Wednesday, trading just short of the nearby highs hit…
Nearly 28,500 contracts were traded. Prices in Canadian dollars per metric ton as of 8:43 CDT:
May 737.70 up 17.60
Jul 747.10 up 18.10
Nov 731.30 up 17.20
Jan 736.70 up 16.20
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