ICE canola grows weaker

Glacier FarmMedia MarketsFarm – The ICE Futures canola contract showed some weakness on Friday morning following the lead of comparable oils.

Chicago soyoil, European rapeseed, and Malaysian palm oil were  in negative territory. Crude oil also saw a decline as negotiations progress over the release of hostages between Israel and Hamas.

The Canadian dollar was down two-tenths of a United States cent compared to Thursday’s close.

Nearly 9,100 contracts were traded. Prices in Canadian dollars per metric ton as of 8:35 CST:

Mar.  599.80  dn  1.40

May   606.50  dn  1.90

Jul.  610.70  dn  2.00

Nov.  610.60  dn  1.90