ICE canola regains positive momentum

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market recovered the previous day’s losses in the old crop contracts on Wednesday despite weakness in comparable oils.

Chicago soyoil, European rapeseed and Malaysian palm oil were all lower to start the day. Crude oil also showed small declines.

The Canadian dollar was steady compared to Tuesday’s close.

Nearly 10,900 contracts were traded. Prices in Canadian dollars per metric ton as of 8:34 CST:

Mar.  636.30  up  6.80

May   645.60  up  7.00

Jul.  652.30  up  7.70

Nov.  638.80  up  6.70