ICE canola lacking direction

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was mixed on Friday morning amidst weakness in comparable oils.

Chicago soyoil and Malaysian palm oil were down to start the day, while European rapeseed was mostly lower. Crude oil was also in negative territory after United States president-elect Donald Trump threatened to impose tariffs on the European Union if it did not buy more U.S. oil and gas.

The Canadian dollar was down nearly one-tenth of a U.S. cent compared to Thursday’s close.

Nearly 13,700 contracts were traded. Prices in Canadian dollars per metric ton as of 8:39 CST:

Jan.  601.80  up  3.30

Mar.  606.00  up  0.70

May   611.30  dn  0.70

Jul.  612.20  dn  1.30