Glacier FarmMedia – Canola futures on the Intercontinental Exchange were slightly higher on Tuesday morning amid mixed sentiment in the comparable oils.
Crude oil was lower as the G7 considers releasing up to 400 million barrels from strategic reserves, and on comments from U.S. President Donald Trump that the Middle East war may soon be over.
Chicago soyoil was slightly higher, but European rapeseed and Malaysian palm oil were down.
The Canadian dollar was up less than one-tenth of a U.S. cent compared to Monday’s close.
Nearly 27,700 contracts were traded. Prices in Canadian dollars per metric ton as of 8:41 CDT:
May 728.00 up 1.60
Jul 737.80 up 2.30
Nov 720.50 up 1.80
Jan 725.20 up 0.60
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