ICE Midday: Canola still climbing higher

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market maintained positive momentum in the middle of Thursday trading, aided by rising comparable oils.

Chicago soyoil, European rapeseed and Malaysian palm oil were all higher. Crude oil was also making gains despite a buildup of United States inventories.

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

About 14,900 contracts have traded at 10:03 CST. Prices in Canadian dollars per metric tonne:

Price          Change

Mar 667.60     up  5.30

May 680.00     up  6.00

Jul 685.40     up  6.20

Nov 662.30     up  6.60