ICE canola in positive territory

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was on the rise Thursday morning despite mixed sentiment in comparable oils.

Chicago soyoil and Malaysian palm oil were higher while European rapeseed was down. Crude oil was steady after losing more than one U.S. cent per barrel on Wednesday.

The Canadian dollar is up one-tenth a U.S. cent compared to Wednesday’s close.

Nearly 7,900 contracts were traded. Prices in Canadian dollars per metric ton as of 8:38 CST:

May   637.40  up  4.90

Jul.  646.80  up  4.60

Nov.  635.50  up  5.10

Jan.  643.50  up  5.70