ICE canola retreats on Friday morning

Glacier FarmMedia MarketsFarm – The ICE Futures canola market took a step back on Friday morning amidst mostly negative sentiment in comparable oils.

Chicago soyoil and European rapeseed were down as well as crude oil, which was affected by a draw in United States stockpiles and a sluggish Chinese economy. However, Malaysian palm oil was higher.

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

Roughly 11,800 contracts were traded. Prices in Canadian dollars per metric ton as of 8:37 CDT:

Nov.  663.60  dn  8.10

Jan.  671.00  dn  6.50

Mar.  676.50  dn  5.20

May   677.00  dn  4.90