Glacier FarmMedia MarketsFarm – The ICE Futures canola market had positive momentum on Friday morning thanks to some support from comparable oils.
Chicago soyoil and Malaysian palm oil were up while crude oil was higher due to escalating conflicts in the Middle East. However, European rapeseed was down.
The Canadian dollar added more than one-tenth of a United States cent compared to Thursday’s close.
Nearly 10,400 contracts were traded. Prices in Canadian dollars per metric ton as of 8:35 CST:
Mar. 638.20 up 6.40
May 644.30 up 5.70
Jul. 648.10 up 4.90
Nov. 644.60 up 3.90
