ICE canola finds higher ground

The ICE Futures canola market rebounded on Friday morning to go with positive sentiment in other markets.

Chicago soyoil, European rapeseed and Malaysian palm oil were all higher. Crude oil also made gains after United States President Donald Trump did not immediately place tariffs on trading partners.

The Canadian dollar was up four-tenths of a U.S. cent compared to Thursday’s close.

Nearly 19,200 contracts were traded. Prices in Canadian dollars per metric ton as of 8:37 CST:

Mar.  664.30  up  5.70

May   674.30  up  6.70

Jul.  678.60  up  6.40

Nov.  653.50  up  6.30