Glacier FarmMedia MarketsFarm – The ICE Futures canola market added onto Wednesday’s gains despite lighter trading activity and weakness in comparable oils.
While European rapeseed was mostly higher, Chicago soyoil and Malaysian palm oil were both lower. Crude oil was also down due to increasing supply.
The Canadian dollar is up less than one-tenth of a United States cent compared to Wednesday’s close.
Nearly 6,800 contracts were traded. Prices in Canadian dollars per metric ton as of 8:36 CST:
Jan. 667.50 up 6.80
Mar. 672.80 up 3.60
May 680.20 up 3.40
Jul. 685.90 up 3.60
