WINNIPEG – The ICE Futures canola market was lower during lighter than usual trading on Thursday morning.
European rapeseed and Malaysian palm oil were both in the red. Meanwhile, crude oil lost more than US$1 per barrel due to an OPEC+ meeting delayed until next week. Chicago soyoil was not traded today as United States markets are closed due to Thanksgiving.
The Canadian dollar was down one-tenth of a U.S. cent compared to Wednesday’s close.
Nearly 3,000 contracts were traded. Prices in Canadian dollars per metric ton as of 8:37 CST:
Jan. 702.30 dn 7.40
Mar. 706.50 dn 7.80
May 710.00 dn 7.80
Jul. 714.10 dn 6.30
