ICE canola building back up

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market made gains on Friday morning, recovering some of Thursday’s losses. Those declines were triggered by uncertainty over biodiesel mandates in the United States.

European rapeseed was up, while Chicago soyoil and Malaysian palm oil continued to decline. Just like canola, crude oil was in recovery mode after falling on Thursday.

The Canadian dollar gained more than one-tenth of a United States cent compared to Thursday’s close.

Nearly 13,500 contracts were traded. Prices in Canadian dollars per metric ton as of 8:35 CDT:

Jul  709.10  up 14.70

Nov  676.00  up  8.00

Jan  681.90  up  6.60

Mar  687.50  up  5.60