ICE canola weakens in early trading

Glacier FarmMedia MarketsFarm – The ICE Futures canola market was down slightly on Thursday morning amidst little direction in comparable oils.

Chicago soyoil was higher, European rapeseed was steady to higher and Malaysian palm oil was lower. Crude oil was mostly unchanged.

The Canadian dollar was down less than one-tenth of a United States cent compared to Wednesday’s close.

Approximately 17,800 contracts were traded. Prices in Canadian dollars per metric ton as of 8:38 CDT:

Nov.  597.50  dn  2.10

Jan.  607.90  dn  2.70

Mar.  620.10  dn  2.00

May   628.50  dn  2.10