ICE canola eases off

Glacier FarmMedia – Canola futures on the Intercontinental Exchange were lower on Thursday morning despite strength from comparable oils.

European rapeseed and Malaysian palm oil were higher, while crude oil was up slightly as Russia-Ukraine ceasefire talks outweighed rising United States supplies. Chicago soyoil was not traded due to the U.S. Thanksgiving day holiday. All other U.S. markets were also closed today.

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

Nearly 7,500 contracts were traded. Prices in Canadian dollars per metric ton as of 8:38 CST:

Jan  647.20  dn  4.50

Mar  660.20  dn  4.80

May  670.30  dn  5.20

Jul  675.50  dn  5.30

To access the latest futures prices, go to https://www.producer.com/markets-futures-prices/