ICE canola in negative territory

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market took back some of Tuesday’s gains on Wednesday morning, aided by a stronger Canadian dollar and mixed sentiment in comparable oils.

Chicago soyoil was steady, while European rapeseed was lower and Malaysian palm oil was higher. Crude oil was down after a jump in United States stockpiles.

The Canadian dollar was up one-tenth of a U.S. cent compared to Tuesday’s close.

Nearly 14,100 contracts were traded. Prices in Canadian dollars per metric ton as of 8:34 CDT:

Jul  722.30  dn  7.00

Nov  687.90  dn  1.90

Jan  695.00  dn  1.20

Mar  700.50  dn  1.80