ICE canola retreats slightly

Glacier FarmMedia | MarketsFarm — The ICE Futures canola market took a small step back on Friday morning despite mostly positive sentiment in comparable oils.

Chicago soyoil and Malaysian palm oil were higher to start the day, while crude oil made small gains. However, European rapeseed was mostly lower.

The Canadian dollar was steady compared to Thursday’s close.

Nearly 4,000 contracts were traded. Prices in Canadian dollars per metric ton as of 8:36 CST:

Mar.  620.50  dn  4.50

May   627.80  dn  4.70

Jul.  631.00  dn  3.80

Nov.  610.20  dn  1.20