Glacier FarmMedia – Despite up-and-down trade throughout the day, canola futures on the Intercontinental Exchange closed higher on Thursday after receiving support from comparable oils.
Chicago soyoil and European rapeseed were up, while Malaysian palm oil was down. However, Chicago soybeans and soymeal were in the red. Crude oil made gains amidst tensions between the United States and Iran. Both countries met for peace talks in Geneva earlier today.
At mid-afternoon, the Canadian dollar was steady compared to Wednesday’s close.
There were 67,563 canola contracts traded on Thursday, compared to Wednesday when 66,715 contracts changed hands. Spreads accounted for 40,800 contracts in today’s trade.
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Glacier FarmMedia – SOYBEANS turned lower on Thursday after a week of lighter export sales for the United States crop….
Settlement prices are in Canadian dollars per metric tonne.
May 693.00 up 1.60
Jul 703.60 up 1.80
Nov 697.90 up 1.80
Jan 705.10 up 1.60
Spread trade prices are in Canadian dollars:
Mar/May 11.50 under to 12.90 under 2,647
Mar/Nov 17.30 under to 18.40 under 974
May/Jul 10.30 under to 11.20 under 9,503
May/Nov 4.60 under to 5.80 under 172
May/Jan 11.90 under to 13.10 under 70
Jul/Nov 5.80 over to 5.10 over 5,368
Jul/Jan 1.40 under to 1.90 under 91
Nov/Jan 7.00 under to 7.50 under 720
Nov/Mar 11.90 under to 12.60 under 91
Jan/Mar 4.60 under to 5.60 under 619
Mar/May 2.10 under to 3.50 under 61
Mar/Jul 4.00 under to 4.10 under 5
May/Jul 1.30 under to 2.60 under 53
Jul/Nov 7.70 over to 6.20 over 22
Nov/Jan 3.90 over to 2.50 over 4
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