ICE canola lower, vegetable oils mixed

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market took a step back on Wednesday morning amidst mixed sentiment in comparable oils.

Chicago soyoil was down, Malaysian palm oil was up and European rapeseed was steady. Crude oil also changed very little as OPEC+ raising output and Canadian wildfires cancelled each other out.

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

Nearly 9,400 contracts were traded. Prices in Canadian dollars per metric ton as of 8:37 CDT:

Jul  695.80  dn  2.90

Nov  676.00  dn  4.20

Jan  682.70  dn  4.50

Mar  689.30  dn  4.10