ICE canola moves lower in the morning

Glacier FarmMedia MarketsFarm – The ICE Futures canola market entered negative territory on Thursday morning as most comparable oils failed to show direction.

Chicago soyoil is steady, while European rapeseed is mostly higher and Malaysian palm oil is mostly lower. However, crude oil is up by more than US$1 per barrel.

The Canadian dollar is steady compared to Wednesday’s close.

Approximately 10,400 contracts were traded. Prices in Canadian dollars per metric ton as of 8:36 CDT:

Nov.  567.30  dn  2.00

Jan.  580.10  dn  2.40

Mar.  591.50  dn  3.20

May   601.20  dn  2.50