Glacier FarmMedia | MarketsFarm – The ICE Futures canola market showed small declines on Thursday morning as it was pulled down by a stronger Canadian dollar and weaker vegetable oils.
Chicago soyoil was steady, but European rapeseed and Malaysian palm oil were lower. Crude oil made gains despite a larger United States stockpile and Saudi Arabia cutting its own prices for Asia.
The loonie was up more than one-tenth of a U.S. cent compared to Wednesday’s close.
Nearly 8.500 contracts were traded. Prices in Canadian dollars per metric ton as of 8:39 CDT:
Jul 694.20 dn 0.80
Nov 675.70 dn 1.20
Jan 683.90 dn 0.30
Mar 689.20 dn 1.20
