Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange extended Wednesday’s downturn this morning, pressured by declining comparable oils.
Chicago soyoil, European rapeseed and Malaysian palm oil were down while crude oil also showed losses due to rising United States stockpiles.
Most of the Prairies will see sunny skies and warm temperatures the rest of the week, while rain showers are expected for much of Alberta and parts of Saskatchewan this weekend.
The Canadian dollar was down more than one-tenth of a United States cent compared to Wednesday’s close. Both Canada and the U.S. continue to work towards a new trade deal before Friday’s deadline.
Nearly 7,800 contracts were traded. Prices in Canadian dollars per metric ton as of 8:41 CDT:
Nov 686.10 dn 10.50
Jan 697.20 dn 10.30
Mar 704.90 dn 10.20
May 711.30 dn 10.00
To access the latest futures prices, go to https://www.producer.com/markets-futures-prices/
