WINNIPEG – The ICE Futures canola market was showing some weakness on Friday morning to go along with mixed sentiment in comparable oils.
While Chicago soyoil was slightly lower, European rapeseed was mixed and Malaysian palm oil was higher. Crude oil was up on speculation the United States could start refilling its Strategic Petroleum Reserve this summer.
The Canadian dollar was down less than one-tenth of a U.S. cent compared to Thursday’s close.
Prices in Canadian dollars per metric ton as of 8:40 CDT:
Jul. 724.00 dn 0.10
Nov. 701.10 dn 1.00
Jan. 706.20 dn 0.80
Mar. 709.40 dn 1.50
