Glacier FarmMedia – Canola futures on the Intercontinental Exchange were slightly higher on Wednesday as comparable oils were mixed.
European rapeseed was up, but Chicago soyoil and Malaysian palm oil were down. Crude oil made gains due to a draw in United States stockpiles and uncertainty over peace talks between Russia and Ukraine.
Much of the Prairies will see rain and thunderstorms later today with temperatures in Saskatchewan and southern Manitoba in the high-20 and low-30 degrees Celsius.
The Canadian dollar was down less than one-tenth of a U.S. cent compared to Tuesday’s close.
Nearly 9,400 contracts were traded. Prices in Canadian dollars per metric ton as of 8:42 CDT:
Nov 649.40 up 3.40
Jan 660.40 up 2.90
Mar 669.70 up 2.30
May 677.30 up 1.20
To access the latest futures prices, go to https://www.producer.com/markets-futures-prices/
