Glacier FarmMedia – Canola futures on the Intercontinental Exchange were relatively steady on Friday morning with mixed comparable oils.
Chicago soyoil, European rapeseed and Malaysian palm oil were weaker. Meanwhile, crude oil was higher amid tensions between the United States and Iran.
The Canadian Grain Commission reported on Thursday that 241,100 tonnes of canola were exported during the week ended Jan. 25, compared to 288,200 tonnes the previous week. So far this marketing year, 3.451 million tonnes were exported, lower than the 5.337 million shipped one year ago.
Statistics Canada reported today that 1.566 million tonnes of canola were delivered in December, compared to 1.512 million in December 2024. In addition, 1.077 million tonnes of canola seed were crushed in December, greater than the 1.015 million tonnes crushed one year earlier.
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ICE canola firm at midday Friday
Glacier FarmMedia — ICE Futures canola contracts were stronger at midday Friday, as investors squared positions ahead of the…
The Canadian dollar was down nearly one-tenth of a U.S. cent from Thursday’s close, supporting canola.
Nearly 14,000 contracts were traded. Prices in Canadian dollars per metric ton as of 8:48 CST:
Mar 648.60 dn 0.10
May 659.40 dn 0.20
Jul 666.90 dn 0.20
Nov 658.50 up 1.00
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