ICE canola starts day in decline

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was slightly lower on Thursday morning to go with negative sentiment in comparable oils.

Chicago soyoil and Malaysian palm oil were lower at the start of the day. Crude oil prices were also down on speculation of peace talks to end the Russian invasion of Ukraine. Meanwhile, European rapeseed was mixed.

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

Nearly 17,100 contracts were traded. Prices in Canadian dollars per metric ton as of 8:38 CST:

Mar.  660.60  dn  0.20

May   669.10  dn  0.60

Jul.  672.40  dn  1.00

Nov.  647.70  dn  1.70