WINNIPEG – The ICE Futures canola market was rebounding on Thursday morning after five straight days of declines, while there was mixed sentiment in comparable oils.
Chicago soyoil and Malaysian palm oil were down, while European rapeseed was higher. Crude oil made gains ahead of OPEC+’s virtual summit on Friday which will review upcoming supply cuts.
The Canadian dollar was down more than one-tenth of a United States cent compared to Wednesday’s close.
Nearly 5,700 contracts were traded. Prices in Canadian dollars per metric ton as of 8:39 CDT:
Nov. 777.90 up 3.90
Jan. 782.00 up 3.70
Mar. 783.90 up 3.00
May 782.90 up 3.60
